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Law as a Moral Science

In: What’s Wrong with Economics?

Author

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  • Benjamin Ward

Abstract

The neoclassical social welfare function is an attempt to provide economics with a means of bringing interpersonal comparisons of utility to bear on policy decisions. No. branch of economics has as generally accepted a claim to failure as welfare economics, the branch of economics in which constructing social welfare functions lies. Most economists seem to take this failure as evidence that interpersonal comparisons cannot be made with the precision required by policy decisions. The main argument of this and the last two chapters is that this particular failure of economics is merely a failure of approach, and that there does exist an established and successful scientific procedure for making interpersonal comparisons.

Suggested Citation

  • Benjamin Ward, 1972. "Law as a Moral Science," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 15, pages 223-235, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01806-2_15
    DOI: 10.1007/978-1-349-01806-2_15
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