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The Rise of Non-Welfarism in Welfare Economics
YAO Ming-xia
Teaching and Research
2005, (8):
71-76.
The welfareists claim that to judge the standard of welfare in a society one needs only to look at the level of utility among members of that society. For a long time, welfare economics has maintained this welfarist idea. However, there arose a wave of research on non-welfare among scholars of welfare economics since the 1970s. Four reasons can be referred to account for the replacement of welfarism by non-welfarism. Arrow’s Impossibility Theorem,defects in the Pareto Criterion,theoretical reconsideration of efficiency and fairness, and practical reconsideration of efficiency and fairness. Researches of non-welfarism include questioning the hypothesis of "rational economic agents", and issues concerning liberty, individual rights, individual standard of living.
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