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Utility of Sacrifices: Reorientation of the Utility Theory
In: Review of Business and Economics Studies. 2023;11(2):67-72. DOI: 10.26794/2308-944X-2023-11-2-67-72
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Maximizing Utility in Electric Utility Regulation
In: Florida State University Law Review, Band 43, Heft 135
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The Expected-Utility Hypothesis and the Measurability of Utility
In: Journal of political economy, Band 60, Heft 6, S. 463-474
ISSN: 1537-534X
Negligence and Utility
In: (2017) 17 Oxford University Commonwealth Law Journal 85-109
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Utility and the consumer: "Jedermann", a German utility programme
In: Review of international co-operation: the official organ of the International Co-operative Alliance, Band 42, S. 281-284
ISSN: 0034-6608
Happiness and Utility
Happiness and Utility brings together experts on utilitarianism to explore the concept of happiness within the utilitarian tradition, situating it in earlier eighteenth-century thinkers and working through some of its developments at the end of the nineteenth and beginning of the twentieth centuries. Drawing on a range of philosophical and historical approaches to the study of the central idea of utilitarianism, the chapters provide a rich set of insights into a founding component of ethics and modern political and economic thought, as well as political and economic practice. In doing so, the chapters examine the multiple dimensions of utilitarianism and the contested interpretations of this standard for judgement in morality and public policy.
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Morality and Utility
Originally published in 1967. In the past half-century, Utilitarianism has fallen out of favor among professional philosophers, except in such "amended" forms as "Ideal" and "Rule" Utilitarianism. Professor Narveson contends that amendments and qualifications are unnecessary and misguided, and that a careful interpretation and application of the original theory, as advocated by Bentham, the Mills, and Sidgwick, obviates any need for modification. Drawing on the analytical work of such influential recent thinkers as Stevenson, Toulmin, Hare, Nowell-Smith, and Baier, the author attempts to draw a more careful and detailed picture than has previously been offered of the logical status and workings of the Principle of Utility. He then turns to the traditional objections to the theory as developed by such respected thinkers as Ross, Frankena, Hart, and Rawls and attempts to show how Utilitarianism can account for our undoubted obligations in the areas of punishment, promising, distributive justice, and the other principal moral convictions of mankind. He contends that the Principle of Utility implies whatever is recognized to be clearly true in these convictions and that it leaves room to doubt whatever is doubtful in them. Narveson concludes with a rationally forceful proof of the Principle of Utility. In the course of this argument, which draws on the most widely accepted recent findings in analytical ethics, Narveson discovers an essential identity between the ethical outlooks of Kant and of Mill, which are traditionally held to be antithetical. Both thinkers, he shows, center on the principle that the interests of others are to be regarded as equal in value to one's own. A new view of Mill's celebrated "proof of utilitarianism" is developed in the course of the discussion.
Utility Tokens
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Utility and Probability
In: The New Palgrave
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on utility and probability.
The Utility of Happiness
ABSTRACT The issue. Nineteenth century utilitarian philosophers considered happiness as the highest good ('utility' in their words) and claimed political priority for attempts to promote the greatest happiness for the greatest number. In reaction, many of their contemporaries cried out that happiness is not good at all, because it turns people into 'contented cows' and undermines social bonds. Modern psychologists, however, tend to suggest positive effects: sharper awareness more activity, better social functioning and better health. Data. No empirical investigations have yet focussed on consequences of happiness. Nevertheless, indications can be found in various studies covering other matters. This paper gathers the available data. These data do not allow definite conclusions, but do suggest several small yet noteworthy effects. Enjoyment of life seems to broaden perception, to encourage active involvement and thereby to foster political participation. It facilitates social contacts: in particular contacts with spouse and children. Further happiness buffers stress, thereby preserving health and lengthening life somewhat. There is no evidence of harmful effects. It is concluded that society is more likely to flourish with happy citizens than with unhappy ones.
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Utility Economics
In: Economics and Finance for Engineers and Planners, S. 108-123
Utility and Happiness
In: Modern Developments in Behavioral Economics, S. 181-250