Welfare Theory Public Action And Ethical Values

This volume revisits the history of welfare economics, showing that economists have regularly drawn on ethical values for practical issues.

This is the second edition of a well-established study of perhaps the most controversial and contested concept in the social sciences. The book traces the historical origins of welfare to eighteenth-century sources in moral and social philosophy and shows how, in the evolution of the concept, doctrines of welfare have been associated with a variety of social philosophies, including utilitarianism, rights, individualism and collectivism. The result is a well-rounded text for students of politics, sociology and social policy, and an essential reference for researchers as well as those with a wider interest in the welfare state.

Outcomes–based, procedurally –detached social welfare theory is found to be indeterminate, irreconcilable with the moral force of rights, and non–accommodative of alternative understandings of justice. The author argues, therefore, for an explicitly normative, contractarian approach to economic theory and institutional appraisal.

Research on well-being reveals the significance of personal relationships, trust and participation to sustain quality of life, yet it is the economic model that remains the dominant basis for political and social institutions and policy. In this original book, Bill Jordan presents a new analysis of well-being in terms of social value, and outlines how it could be incorporated into public policy decisions. He argues that the grandiose attempt to maximise welfare and regulate social relations through contract, in line with the economic theory of information and incentives, is counterproductive for well-being. Instead, both the quality of personal experience and the restraints necessary for a convivial collective life would be better served by a focus on cultures and institutions. This book will be an essential text for academics and students in social theory, social welfare, public policy and governance. Bill Jordan is Professor of Social Policy at Plymouth and Huddersfield Universities. He has held visiting chairs in Germany, the Netherlands, Denmark, Slovakia and Hungary. He worked for 20 years in the UK social services, and is the author of 25 books on social policy, social theory, politics and social work.

This volume presents interviews that have been conducted from the 1980s to the present with important scholars of social choice and welfare theory. Starting with a brief history of social choice and welfare theory written by the book editors, it features 15 conversations with four Nobel Laureates and other key scholars in the discipline. The volume is divided into two parts. The first part presents four conversations with the founding fathers of modern social choice and welfare theory: Kenneth Arrow, John Harsanyi, Paul Samuelson, and Amartya Sen. The second part includes conversations with scholars who made important contributions to the discipline from the early 1970s onwards. This book will appeal to anyone interested in the history of economics, and the history of social choice and welfare theory in particular.

In New Approaches to Welfare Theory, a group of economists explore themes central to the understanding of human well-being, building from a Weberian understanding of social action.

Elizabeth Anderson offers a new theory of value and rationality that rejects cost-benefit analysis in our social lives and in our ethical theories. This account of the plurality of values thus offers a new approach, beyond welfare economics and traditional theories of justice, for assessing the ethical limitations of the market. In this light, Anderson discusses several contemporary controversies involving the proper scope of the market, including commercial surrogate motherhood, privatization of public services, and the application of cost-benefit analysis to issues of environmental protection. Table of Contents: Preface 1. A Pluralist Theory of Value A Rational Attitude Theory of Value Ideals and Self-Assessment How Goods Differ in Kind (I): Different Modes of Valuation How Goods Differ in Kind (II): Social Relations of Realization 2. An Expressive Theory of Rational Action Value and Rational Action The Framing of Decisions The Extrinsic Value of States of Affairs Consequentialism Practical Reason and the Unity of the Self 3. Pluralism and Incommensurable Goods The Advantages of Consequentialism A Pragmatic Theory of Comparative Value Judgments Incommensurable Goods Rational Choice among Incommensurable Goods 4. Self-Understanding, the Hierarchy of Values, and Moral Constraints The Test of Self-Understanding The Hierarchy of Values Agent-Centered Restrictions Hybrid Consequentialism A Self-Effacing Theory of Practical Reason? 5. Criticism, Justification, and Common Sense A Pragmatic Account of Objectivity The Thick Conceptual Structure of the Space of Reasons How Common Sense Can Be Self-Critical Why We Should Ignore Skeptical Challenges to Common Sense 6. Monistic Theories of Value Monism Moore's Aesthetic Monism Hedonism Rational Desire Theory 7. The Ethical Limitations of the Market Pluralism, Freedom, and Liberal Politics The Ideals and Social Relations of the Modern Market Civil Society and the Market Personal Relations and the Market Political Goods and the Market The Limitations of Market Ideologies 8. Is Women's Labor a Commodity? The Case of Commercial Surrogate Motherhood Children as Commodities Women's Labor as a Commodity Contract Pregnancy and the Status of Women Contract Pregnancy, Freedom, and the Law 9. Cost-Benefit Analysis, Safety, and Environmental Quality Cost-Benefit Analysis as a Form of Commodification Autonomy, Labor Markets, and the Value of Life Citizens, Consumers, and the Value of the Environment Toward Democratic Alternatives to Cost-Benefit Analysis Conclusion Notes References Index Reviews of this book: Anderson/auhtor is anxious to combat what she sees as a tendency for commercial values to invade areas of human life where they do not belong...A useful contribution to debate about the proper scope of the market. "Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats." DD--Philadelphia Inquirer "The book is rich in both argument and application." DD--Alan Hamlin, Times Higher Education Supplement "In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading." DD--A. J. Walsh, Australasian Journal of Philosophy --Hugo Dixon, Financial Times [UK] Reviews of this book: Not everything is a commodity, insists Anderson, and her brief should shake up social science technocrats. --Philadelphia Inquirer Reviews of this book: The book is rich in both argument and application. --Alan Hamlin, Times Higher Education Supplement Reviews of this book: In this rich and insightful book Elizabeth Anderson develops an original account of value and rational action and then employs this account to address the pragmatic political question of what the proper range of the market should be. Anderson's principal targets are consequentialism, monism and the crude 'economistic' reasoning which underpins much contemporary social policy...This is an important book...For anyone interested in political philosophy this is essential reading. --A. J. Walsh, Australasian Journal of Philosophy

Moral philosophers agree that welfare matters. But they disagree about what it is, or how much it matters. Wayne Sumner presents an original theory of welfare, investigating its nature and discussing its importance. He considers and rejects all notable theories of welfare, both objective and subjective, including hedonism and theories founded on desire or preference. His own theory connects welfare closely with happiness or life satisfaction. Reacting against the value pluralism that currently dominates moral philosophy, he advances welfare as the only basic ethical value. He concludes by discussing the implications of this thesis for ethical and political theory. Written in clear, non-technical language, and including a definitive survey of other work in this area, Sumner's book is essential reading for moral philosophers, political theorists, and welfare economists.