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Transition from Classical to Neoclassical Utilitarianism
Jul 9, 2024
Transition from Classical to Neoclassical Utilitarianism
Introduction
Classical Utilitarianism
- Jeremy Bentham's doctrine.
Neoclassical Utilitarianism
- Late 19th, early 20th century.
Key Figure
- John Stuart Mill.
Rights-Utility Synthesis
- Combining utilitarian efficiency and individual rights.
Developments Across Disciplines
Political theory, economics, and philosophy saw parallel transitions.
Economics Evolution
Vilfredo Pareto
- Central figure in developing neoclassical economics.
Other contributors
- Marshall, Edgeworth.
Impact on understanding markets, legitimacy, and distributive justice.
Moral Philosophy
Emotivism and Stevenson
- Ethical claims as expressions of emotions.
Historical Context
: Hobbes criticized Aristotle; Hume and Bentham had similar utilitarian views emphasizing shared human psychological structures.
Emotivism and Relativism
Stevenson's emotivist doctrine:
Ethical statements express emotional reactions.
Radically questioned whether people have the same utility functions.
Seen as moral relativism.
Neoclassical Economics Explained
Core Concepts
Indifference Curves
: Trade-offs between goods like wine and bread.
Diminishing Marginal Utility
: More of a good, less additional utility it provides.
Ordinal Utility
: Rank ordering preferences without precise measurement.
Pareto’s Principle
Pareto Superior
: Move towards situations improving utility for at least one without harming others.
Pareto Inferior
: Moves that make all worse off.
Pareto Optimal
: No change can improve one's utility without reducing another's.
Implications
: No interpersonal utility comparisons.
Edgeworth Box Diagram
Visualization of trade-offs between two individuals' utilities.
Contract Curve/Pareto Frontier
: Where no further beneficial trades can be made.
Application to Redistribution
Pareto says no scientific basis for some redistributive moves.
Bentham’s principle allows redistribution for increasing overall utility.
Comparative Analysis
Classical Utilitarianism (Bentham)
Measures utility, supports redistributive politics.
Vulnerable to critique—ignores individual differences.
Neoclassical Utilitarianism (Pareto)
Cannot scientifically justify redistributions, respects individual utility variations.
Pro-market status quo friendly, less radical than classical.
Fetishizes differences among people, e.g., disabled person not contributing utility.
Conclusions
Shift from classical to neoclassical represents a move from radical redistribution to status quo maintenance.
Prepares the ground for studying John Stuart Mill’s harm principle in political theory.
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