Utility theory and ethics

Abstract

This book-length chapter draws technical and philosophical connections between utility theory and social ethics. After the introductory section 1, section 2 proposes some philosophical and historical clarifications on the utility concept.; this includes a discussion of welfare and welfarism. Section 3 is brief summary of technical aspects of utility theory. Section 4 introduces the aggregative setting of social choice theory when interpersonal comparisons of utility are allowed, and using this setting, contrasts the derivation of utilitarianism with that of the Rawlsian leximin; a subsection discusses variable populations. Section 5 still uses an aggregative setting, but with choice-theoretic constraints instead of assumptions on interpersonal comparisons of utility. This section centres on Harsanyi's Aggregation Theorem and its extension to subjective uncertainty by Mongin and others, ,and it devotes a philosophical discussion to both. Section 6 moves to the non-aggregative setting of the original position, and begins by contrasting Harsanyi's use of this setting with Rawls's. It then moves to some more later conceptions of fairness and equality.