The fallacy at the heart of welfare economics
https://davidellerman.substack.com/p/the-petitio-principii-fallacy-in
#Economics #EconTwitter #Econ #PoliticalEconomy #WelfareEconomics #Philosophy #Ethics #Utilitarianism #Utilitarian #Consequentialism #Consequentialist #capitalism #Egalitarianism #Egalitarian #Inequality
@wouldinotcallmyselfahumanbeing @sz_duras
Depending on the particulars of the #utilitarian argument, the case can work or not. If it is preference/desire satisfaction utilitarianism the case for capitalism follows from that any mutually beneficial transaction improves welfare. Capitalist employment is that assuming full consent. My response to such arguments is debunking #consequentialist #ethics. And rejecting collective preference satisfaction as the good in favor of freedom.
RE: https://mastodon.social/@jlou/115970177564955152
@ArthurI what do you think of this resolution I came up with to the consequentialist judgement paradox you came up with?
#philosophy #ethics #Consequentialism #utilitarian #utilitarianism #consequentialist #deontology #deontological
RE: https://mastodon.social/@Daojoan/115821753230762229
The left should change the argument. Complex systems like economies are difficult to predict. Any complex #consequentialist argument against #capitalism can be refuted by citing a lack of evidence that the proposed postcapitalist alternative produces better outcomes, and the risks of meddling. Rights-based theories avoid this critique. #Leftism must demonstrate that capitalism contradicts common sense principles of justice.
This week's fifth and final post applies the reason-responsive #consequentialist view of rational inquiry to shed light on bounded #rationality, the Standard Picture, and the #epistemology of inquiry.
Thanks to #DavidThorstad for giving us a peak inside the book Inquiry under bounds (#OxfordUniversityPress 2024).
https://philosophyofbrains.com/2024/07/05/inquiry-under-bounds-part-5-applying-the-account.aspx
#philosophy #psychology #cogSci #decisionScience #economics #logic #philosophyOfScience #bias #debiasing
I identify as a #consequentialist and a (negative) #utilitarian, I suspect that existence is probably not worth it because of the asymmetry of #qualia, and yet I have no intention of ending my own life (and I think that’s rational). Why?
When we’re #children we don’t really understand what suffering is, and we don’t even know that living is a choice. So we live.
#Teens and young adults famously tend to get closer to one of two poles: either they’re disappointed, miserable, or lost (some of those do end their lives), or they are having a great time: they’re at their prime, disease and pain are unknown to them, they discover pleasures, etc (those are happy to live).
We #adults are usually so entangled in relationships by this stage of life that even if/when we decided that non-existence beat existence for us, we wouldn’t want to cause more suffering to those who love us and those who depend on us. So we (usually) live.
J Lou
Brains
tripu