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Backhouse Roger, Baujard Antoinette. Welfare Theory, Public Action, and Ethical Values: Revisiting the History of Welfare Economics. Cambridge University Press,2021. — 301 p.. 2021

This innovative history of welfare economics challenges the view that welfare economics can be discussed without taking ethical values into account. Whatever their theoretical commitments, when economists have considered practical problems relating to public policy, they have adopted a wider range of ethical values, whether equality, justice, freedom, or democracy. Even canonical authors in the history of welfare economics are shown to have adopted ethical positions different from those with which they are commonly associated. Welfare Theory, Public Action, and Ethical Values explores the reasons and implications of this, drawing on concepts of welfarism and non-welfarism developed in modern welfare economics. The authors exemplify how economic theory, public affairs and political philosophy interact, challenging the status quo in order to push economists and historians to reconsider the nature and meaning of welfare economics.

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WELFARE THEORY, PUBLIC ACTION, AND ETHICAL VALUES
Contents
Acknowledgements
Introduction: Revisiting the History of Welfare Economics
Roger E. Backhouse, Antoinette Baujard and Tamotsu Nishizawa
Welfare Economics
The Meaning of Welfarism and Non-welfarism
Welfare Economics in Practice
Taking Other Values into Account
Challenging Individualism
Questioning Non-welfarism
Concluding Remarks
References
PART I PLURALITY OF WELFARE IN THE MAKING OF WELFARE ECONOMICS
Ruskin's Romantic Triangle Neither Wealth Nor Beautybut Life[4]
Yuichi Shionoya
RuskintheRomantic
Wordsworth, Carlyle, and Ruskin
Ideas of Truth, Beauty, and Relation
‘Air, Water, and Earth’ and ‘Admiration, Hope, and Love’: Nature and Mind
‘Ruskin’s Triangle’: Wealth, Life, and Beauty
Architecture, Political Economy of Art, and Art Education: Mind and Society
Unto This Last and Criticism of Economics
Munera Pulveris and Normative Economics
ThestructureofValues
Concluding Remarks
References
Radicalism versus Ruskin Quality and Quantity in Hobson’s Welfare Economics
Peter Cain
It has been argued that Hobson and Ruskin, who is discussed by Shionoya in the previous chapter, can be bracketed together as ‘Oxford’ economists (Shionoya 2010).
Painite Radicalism, Spencerian Liberalism and the Origins of Hobson’s Thought
The Pre-capitalist Origins of Ruskin’s Thought
Ruskin and the Emergence of Hobson’s New Liberalism
Hobson, ‘Society’ and Ruskin
Conclusion
References
Alfred Marshall on Progress and Human Wellbeing[5]
Tamotsu Nishizawa
Introduction: Wealth and Wellbeing
‘Progress in Relation to Standards of Life’
‘Wants’ and ‘Activities’ in ‘Organic Growth’
‘Chivalry in Using Wealth’: Moral Standard and Social Wellbeing
Concluding Remarks
References
Pigou's Welfare Economics Revisited A Non-welfarist and Non-utilitarian Interpretation[29]
Satoshi Yamazaki
Introduction
Preceding Studies
A Hybrid Strategy for Well-Being
Concluding Remarks
References
To Which Kind of Welfare Did Leon Walras Refer?
The Theorems and the State[38]
Richard Arena
Introduction
The Limits of the Usual Interpretation of Walras’s Maximization of Social Satisfaction
From Social Satisfaction Maximization to Welfare: Walras’s Specific Conception of Society
From Social Satisfaction Maximization to Welfare: Walras’s Specific Conception of Individuals
General Social Conditions, Specific Personal Positions and General Economic Equilibrium
Individual Agents and the State: A Different Conception of Social Welfare?
Concluding Remarks
References
Value Judgement within Pareto's Economic and Sociological Approaches to Welfare
Rogerio Arthmar and Michael McLure
Introduction
Pareto’s Approach to Economic Welfare as ‘Economic Welfarism’
From Economic to Social Welfare: A Move towards Non-welfarism?
Conclusion
References
PART II DEVELOPING MODERN WELFARE ECONOMICS
John Hicks's Farewell to Economic Welfarism
How Deeply Rooted and Far Reaching Is His Non-welfarist Manifesto?
Kotaro Suzumura[48]
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
Introduction
Pigou’s “Old” Welfare Economics and Its Ordinalist Critics
The Advent of Two Schools of the “New” Welfare Economics
Hicks’s Non-welfarist Manifesto: Its Depth and Reach
Post-Exodus Welfare Economics: John Rawls and Amartya Sen
Two Concluding Remarks
References
Individualism and Ethics
Samuelson’s Welfare Economics
Roger E. Backhouse
Introduction
Under the Spell of Knight
Collaboration with Bergson
Bergson’s Use of the Social Welfare Function
Debating Welfare Economics
A General Theory of Welfare Economics
After Foundations
Assessment
References
Non-welfarism in the Early Debates over the Coase Theorem
The Case of Environmental Economics[81]
Steven G. Medema
Introduction
Background
The Environmental Turn
Coase’s “Amoralization” of Externalities
Dueling Non-welfarisms: The Primacy of the Market
Conclusion
References
Musgrave and the Idea of Community
Maxime Desmarais-Tremblay
Human beings live in groups.
TheGermanRoots
The Theory of Public Finance (1959) and the Cold War Era
The Revival of MoralPhilosophy and Musgrave’s ‘Economy and Society’
Musgrave’s Late Writing
Conclusion
References
Non-welfaristic Featuresof Kenneth Arrow's Idea of Justice
Nao Saito1
Introduction
New Welfare Economics and Arrow’s Contribution to Formal Economic Theory
The Welfaristic Framework of Political and Economic Decision-Making
Limitations of the Market
PoliticalDecisionandJustice
Criteria of Justice
ConcludingRemarks
References
Beyond Welfarism
The Potential and Limitations of the Capability Approach[139]
Constanze Binder
Introduction
The Origins of the Capability Approach: Two Problems
A Plurality of Ways to Specify the Capability Framework
Can the Capability Approach Live Up to Its Promises? The Conceptualisation of Freedom Matters
Conclusion
References
The Influence of Sen's Applied Economics on His Non-welfarist Approach to Justice
Agency at the Core of Public Action for Removing Injustices[148]
Muriel Gilardone
There is a close relationship between public understanding and awareness, on the one hand, and the nature, forms and vigour of state action in pursuit of public goals, on the other.
Analysing Famines for the International Labour Organization: Linking the Removal of Injustice to Democracy as Public Agency
Analysing Gender Inequality: A Further Step towards Agency Considerations
The Human Development Approach within the UNDP: A Focus on Agency through theCapability Approach and Public Reasoning
Conclusion
References
Conclusion
Roger E. Backhouse, Antoinette Baujard and Tamotsu Nishizawa
Theory and Practice
Reasons for Moving beyond Welfarism
Economics as a Moral Science
References
Index
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  2. Allan Philip. The New School of Economics: The Platform and Theory Behind the New Physiocrats. Philip Allan Books,2018. — 132 p. - 2018 ãîä
  3. Aruka Y.. Evolutionary Foundations of Economic Science: How Can Scientists Study Evolving Economic Doctrines from the Last Centuries? Springer Japan,2015. — 234 p. - 2015 ãîä
  4. Aghion P., Banerjee A.. Volatility and Growth. Oxford, Oxford University Press,2005. - 159p. - 2005 ãîä
  5. Aghion Philippe, Durlauf Steven N. (eds.). Handbook of Economic Growth. Volume 1. Part A. North-Holland,2005. — p. 1-1060 - 2005 ãîä
  6. Aghion Philippe, Durlauf Steven N. (eds.). Handbook of Economic Growth. Volume 1. Part B.North-Holland,2005. — p. 1061-1822 - 2005 ãîä
  7. Arnold N.. The Philosophy and Economics of Market Socialism: A Critical Study. Oxford University Press,1994. — 320 p. - 1994 ãîä
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