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Article
Publication date: 11 May 2015

Manfred Joseph Holler

– The purpose of this paper is to propose a model that relates the desire for justice with welfare.

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Abstract

Purpose

The purpose of this paper is to propose a model that relates the desire for justice with welfare.

Design/methodology/approach

The point of departure, elaborated in the first part of the paper, is the observation that we have no sense-organs for experiencing welfare and the experiences of happiness being, in general, transient if they emerge at all. Desires drive our behavior and motivate our decisions. The author will analyze conditions so that desires can be related to welfare, making use of results of social choice theory. There is some (technical) similarity between aggregating individual preferences and editing (“reconstruction”) desires.

Findings

In special cases, desires are well ordered and can be represented by preference orderings, ready for deriving “rational choices.” However, desires may be circular. Then, of course, the satisfaction of a particular desire will never trigger happiness because there is always a “higher valued” (or “more prominent”) desire unsatisfied. In these cases, desires and welfare cannot be matched. However, there are social desires, such as the desire for justice (as fairness), that can have welfare-enhancing consequences if satisfied even when private desires are circular, as desires for justice contain a social component.

Originality/value

This issue will be elaborated in the second part of the paper using a formal model, borrowed from Fehr and Schmidt (1999), in order to illustrate the underlying reasoning.

Details

International Journal of Social Economics, vol. 42 no. 5
Type: Research Article
ISSN: 0306-8293

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Book part
Publication date: 25 August 2021

Marina Uzunova

Today Lionel Penrose is recognised as the co-author of one of the two leading indices of power in voting legislatures – a field of study that game theory in general, and…

Abstract

Today Lionel Penrose is recognised as the co-author of one of the two leading indices of power in voting legislatures – a field of study that game theory in general, and cooperative game theory in particular, has been reclaiming from sociology and political science since the 1950s. The main claim of this paper is that Penrose developed his index so as to tackle questions that go vastly beyond the narrow domain of voting; namely, acute social issues during the Cold War such as the outburst and propagation of panics, the ideological susceptibility of populations, the escalation of military conflict and the successful installation of authoritarian regimes. Furthermore, by revisiting the history of the Penrose power index, the paper re-evaluates some of its key underlying assumptions: assumptions that have been heavily – and unfairly, as the paper argues – criticised over the last decade.

Details

Research in the History of Economic Thought and Methodology: Including A Symposium on Carl Menger at the Centenary of His Death
Type: Book
ISBN: 978-1-80071-144-0

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