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A query for anti-utilitarians – Econlib

by Index Investing News
September 2, 2024
in Economy
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Lots of you already know that I’ve a second weblog entitled “TheMoneyIllusion.  Yesterday, I concluded that weblog and began a alternative, entitled The Pursuit of Happiness:

URL:  scottsumner.substack.com/

Talking of happiness, here’s a query to contemplate:

What are the general public insurance policies that you just oppose although you imagine that they might make the world a happier place in the long term?

I’m not excited by unrealistic hypothetical insurance policies involving fanciful creatures akin to “utility monsters”; I’m excited by realizing which precise actual world insurance policies you oppose even if you imagine these insurance policies would make the world a happier place.

Maybe you’ll discover an instance of an precise coverage that I must also oppose, which is able to persuade me to desert my utilitarianism.

PS.  Please don’t inform me that that is the incorrect query.  It’s the query that pursuits me.

PPS.  A Straussian studying of this publish is that utilitarianism, correctly understood, doesn’t present clear solutions when deciding which public insurance policies are finest.  We’re like ships navigating in a dense fog.   (The identical might be stated for Bayesian evaluation.)

Right here’s an image of Jeremy Bentham:

 



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