Deontological Morality and Economic Analysis of Law
Oxford Handbook of Ethics and Economics (Mark D. White ed., Forthcoming)
22 Pages Posted: 16 Nov 2017
Date Written: November 12, 2017
Welfare economics—the normative branch of economics—is a consequentialist moral theory. Unlike deontological morality, at least in its basic form it attributes no intrinsic value to prohibitions on active or intentional harming of other people, lying, or promise breaking, and does not allow people to prioritize their own interests over the overall good.
This contribution to the forthcoming Oxford Handbook of Ethics and Economics critically examines several methods of incorporating deontological constraints and options into welfare economics, including economic analysis of law.
Keywords: cost-benefit analysis, welfare economics, moral constraints, deontology, threshold deontology, merit goods, consequentialism, utilitarianism, antidiscrimination, Calabresi
JEL Classification: A11, A12, A13, D61, D63, D78, K00, K2, K31
Suggested Citation: Suggested Citation