General and Personal Good: Harsanyi's Contribution to the Theory of Value
In 1955, John Harsanyi published a singular contribution to the theory of value (Harsanyi 1955). He proved a theorem that links together the valuation of uncertain prospects for a single person and the valuation of distributions of good across people. The theorem’s conclusion is important and remarkable; it is by no means obvious, and it requires some mathematics to uncover it. Perhaps as a consequence, philosophers of value have not always given this theorem the attention it deserves. This...[Show more]
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