Utilitarianism and Economic Behavior. Looking for Benthamite Traces
44 Pages Posted: 17 Oct 2017
Date Written: October 30, 2011
In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from Pareto to Samuelson in order to determine how close they came to their ideal of formulating a positive science rid of what they called any metaphysical traces.
Keywords: Axiom of Revealed Preferences, Rational Choice Theory, Utilitarianism
JEL Classification: B12, B21, B31
Suggested Citation: Suggested Citation