Contents

List of Figures and Tables page vii

List of Contributors viii

Acknowledgements ix

Introduction: Revisiting the History of Welfare Economics

Roger E. Backhouse, Antoinette Baujard and Tamotsu Nishizawa 1

PART I PLURALITY OF WELFARE IN THE MAKING

OF WELFARE ECONOMICS

1 Ruskin's Romantic Triangle: Neither Wealth Nor Beauty but Life

Yuichi Shionoya 21

2 Radicalism versus Ruskin: Quality and Quantity in Hobson's Welfare Economics

Peter Cain 58

3 Alfred Marshall on Progress and Human Wellbeing

Tamotsu Nishizawa 77

4 Pigou's Welfare Economics Revisited: A Non-welfarist

and Non-utilitarian Interpretation

SatoshiYamazaki 97

5 To Which Kind of Welfare Did Leon Walras Refer?

The Theorems and the State

Richard Arena 118

6 Value Judgement within Pareto's Economic and Sociological Approaches to Welfare

Rogerio Arthmar and Michael McLure 135

vi

Contents

PART II DEVELOPING MODERN WELFARE ECONOMICS

7 John Hicks's Farewell to Economic Welfarism: How Deeply Rooted and Far Reaching Is His Non-welfarist Manifesto?

Kotaro Suzumura 159

8 Individualism and Ethics: Samuelson's Welfare Economics

Roger E.

9 Non-welfarism in the Early Debates over the Coase Theorem: The Case of Environmental Economics

Steven G. Medema 208

10 Musgrave and the Idea of Community

Maxime Desmarais-Tremblay 232

11 Non-welfaristic Features of Kenneth Arrow's Idea of Justice

Nao Saito 256

12 Beyond Welfarism: The Potential and Limitations of the Capability Approach

Constanze Binder 277

13 The Influence of Sen's Applied Economics on His Non-welfarist Approach to Justice: Agency at the Core of Public Action

for Removing Injustices

Muriel Gilardone 298

Conclusion

Roger E. Backhouse, Antoinette Baujard and Tamotsu Nishizawa 320

Index 332

Figures and Tables

Figures

1.1 SixelementsservingLifethroughWealthandBeauty page 32

1.2 Ruskin's triangle 33

6.1 Utilityfrombehaviorrelativetosocialnorms 153

Table

4.1 A hybrid strategy for well-being 114

Contributors

Richard Arena, University Cote d'Azur, GREDEG

Rogerio Arthmar, Federal University of Espirito Santo

Roger E. Backhouse, University of Birmingham and Erasmus University Rotterdam

Antoinette Baujard, University of Lyon and Jean Monnet University, GATE Lyon Saint-Etienne

Constanze Binder, Erasmus University Rotterdam

Peter Cain, Sheffield Hallam University

Maxime Desmarais-Tremblay, Goldsmiths, University of London

Muriel Gilardone, Normandy University, CREM

Michael McLure, University of Western Australia

Steven G. Medema, Duke University

Tamotsu Nishizawa, Teikyo University

Nao Saito, Hokkaido University

Yuichi Shionoya (deceased), Hitotsubashi University

Kotaro Suzumura (deceased), Japan Academy

Satoshi Yamazaki, Kochi University