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Facing R. Sugden's criticism of our interpretation, it is shown in this paper that rationality appears as a possible consequence of Hume's theory of choice. We first argue that Sugden's dismissal of the preference relation from the type of rationality through which Hume's theory is apprehended,...
Persistent link: https://www.econbiz.de/10008789356
The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way a hedonist – evidently different from Bentham's or Jevons' way...
Persistent link: https://www.econbiz.de/10008790780
The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way – evidently different from Bentham's or Jevons' way – a...
Persistent link: https://www.econbiz.de/10008793170
Persistent link: https://www.econbiz.de/10002811604
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Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
This paper reconsiders the debate over the nature of Ricardian economics, chiefly based on the interpretation of Ricardo's Essay on Profits, that raged during the 1970's. This debate opposed a Sraffian view, in the line of Sraffa's 1951 well known Introduction to Ricardo, and a non-Sraffian...
Persistent link: https://www.econbiz.de/10008790389
This paper aims at exploring, in a formal way, Bentham's statement that “the pleasure of gaining is not equal to the evil of losing”, which belongs to those aspects of the principle of utility left aside by Jevon's reconstruction. Consequently, the agent's preference order will be viewed as...
Persistent link: https://www.econbiz.de/10008790544