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General and Personal Good: Harsanyi's Contribution to the Theory of Value

Broome, John

Description

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]

dc.contributor.authorBroome, John
dc.contributor.editorIwao Hirose
dc.contributor.editorJonas Olson
dc.date.accessioned2016-02-24T22:42:09Z
dc.identifier.isbn9780199959303
dc.identifier.urihttp://hdl.handle.net/1885/98963
dc.description.abstractIn 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 chapter describes and interprets the theorem, and explains its importance. Harsanyi uses the language of economics, and he sets his argument in a framework that is generally taken for granted by economists but not widely accepted in philosophy. He assumes that each person’s good consists in the satisfaction of her preferences. But his conclusion is about the relation between general good and the good of individual people. It is independent of particular assumptions about the nature of a person’s good, and I shall present it in a way that does not depend on any such assumptions.
dc.publisherOxford University Press
dc.relation.ispartofThe Oxford Handbook of Value Theory
dc.relation.isversionof1st Edition
dc.titleGeneral and Personal Good: Harsanyi's Contribution to the Theory of Value
dc.typeBook chapter
local.description.notesImported from ARIES
local.description.refereedYes
dc.date.issued2015
local.identifier.absfor220319 - Social Philosophy
local.identifier.ariespublicationu5234012xPUB208
local.type.statusPublished Version
local.contributor.affiliationBroome, John, College of Arts and Social Sciences, ANU
local.bibliographicCitation.startpage249
local.bibliographicCitation.lastpage264
local.identifier.doi.1093/oxfordhb/9780199959303.013.0014
local.identifier.absseo970122 - Expanding Knowledge in Philosophy and Religious Studies
dc.date.updated2020-12-27T07:36:53Z
local.bibliographicCitation.placeofpublicationNew York
CollectionsANU Research Publications

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