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Shane Littrell, PhD's avatar

Moral particularism > utilitarianism (and consequentialism)

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Everything-Optimizer's avatar

I agree with you. But I'll also be a pedantic mathematician and go further to say utilitarianism fails well beyond these considerations.

The appeal of utilitarianism is also in its quantification of preferences for modeling purposes - considering economic actors as making decisions by maximizing utility, and, correspondingly, impartial adjudication of different incentive structures in the context of microeconomic and social choice theory for the purpose of designing institutions.

And it falls flat here, too.

1) As you note people don't actually have closed form utility functions, and a better microeconomic theory of market decisions is maximizing cumulative prospects, which is the sum of gains from some reference point.

2) Within the field of Welfare Economics, the study of technical formalism on social well being, utilitarianism suffers from various gotchas, and it's not taken seriously in formal Economic Theory. Among various competitors, I prefer (the Nobel Prize winner) Amartya Sen's framework of maximizing capability vectors, that is the variety of possible options the people in a polity have - consume goods and services, start a business, engage in community involvement, etc.

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