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Any Non-Welfarist Method of Policy Assessment Violates the Pareto PrincipleLouis KaplowHarvard Law School; National Bureau of Economic Research (NBER) Steven ShavellHarvard Law School; National Bureau of Economic Research (NBER) March 1999 Journal of Political Economy, Vol. 109, April 2001 Abstract: The public at large, many policymakers, and a number of economists hold views of social welfare that are non-welfarist, which is to say that some importance is attached to factors other than individuals' utilities. We show, however, that any non-welfarist method of policy assessment violates the Pareto principle.
JEL Classification: D63, H43 Accepted Paper SeriesDate posted: April 20, 1999Suggested CitationContact Information
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