Are interpersonal comparisons of utility indeterminate?
On the orthodox view in economics, interpersonal comparisons of utility are not empirically meaningful and "hence" impossible. To reassess this view, this paper draws on the parallels between the problem of interpersonal comparisons of utility and the problem of translation of linguistic meaning, as explored by Quine. The paper discusses several cases of what the empirical evidence for interpersonal comparisons of utility might be and shows that, even on the strongest of these, interpersonal...[Show more]
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