Values in Welfare Economics

14 Pages Posted: 3 Jun 2021

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GATE Working Paper Series

Université de Lyon - Groupe d'Analyse et de Théorie Economique Lyon Saint-Etienne (GATE)

Antoinette Baujard

University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)

Date Written: June 1, 2021

Abstract

This chapter focuses on the inner rationale and consequences of four different archetypal positions regarding how ethical and political values are tackled in welfare economics. Welfare economics is standardly associated with the welfarist framework, for which social welfare is based on individual utility only. Beyond this, we distinguish the value-neutrality claim – for which ethical values should be and are out of the scope of welfare economics –, the value confinement ideal – for which ethical values are acceptable if they are minimal and consensual–, the transparency requirement – for which any ethical values may be acceptable in the welfare economics framework if explicit and formalized –, and the entanglement claim – which challenges the very possibility of demarcation between facts and values.

Keywords: Welfare economics, facts and values, value judgement, welfarism, transparency, demarcation, normative and positive, neutrality

JEL Classification: B41, D60, D63

Suggested Citation

Working Paper Series, GATE and Baujard, Antoinette, Values in Welfare Economics (June 1, 2021). Available at SSRN: https://ssrn.com/abstract=3857750 or http://dx.doi.org/10.2139/ssrn.3857750

GATE Working Paper Series (Contact Author)

Université de Lyon - Groupe d'Analyse et de Théorie Economique Lyon Saint-Etienne (GATE) ( email )

93, chemin des Mouilles
Ecully, 69130
France

HOME PAGE: http://www.gate.cnrs.fr/

Antoinette Baujard

University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE) ( email )

93 chemin des Mouilles
Ecully, 69130
France

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