Economists use tastes as a source of information about personal welfare and judge the effects of policies upon preference satisfaction; neoclassical welfare economics is the analytical embodiment of this preference sovereignty norm. For an initial distribution of wealth, the welfare-maximizing outcome is the one that exhausts all possible gains from trade. Gains from trade are defined relative to fixed ordinal preferences. This analytical apparatus consists of both the Pareto principle, which implies that externality-free voluntary trades increase welfare, and applied costbenefit (...) analysis, which attempts to weight costs and benefits when evaluating policies that are not Pareto improvements. (shrink)

I argue that moral philosophers have either misunderstood the problem of moral demandingness or at least failed to recognize important dimensions of the problem that undermine many standard assumptions. It has been assumed that utilitarianism concretely directs us to maximize welfare within a generation by transferring resources to people currently living in extreme poverty. In fact, utilitarianism seems to imply that any obligation to help people who are currently badly off is trumped by obligations to undertake actions targeted at improving (...) the value of the long-term future. Reflecting on the demands of beneficence in respect of the value of the far future forces us to view key aspects of the problem of moral demandingness in a very different light. GPI Working Paper No. 1-2020. (shrink)

This paper uses a formal analysis of the relation of ‘parity’ to make sense of a well-known solution to Parfit’s ‘mere addition paradox’. This solution is sometimes dismissed as a recourse to ‘incomparability’. In this analysis, however, the solution is consistent with comparability, as well as transitivity of ‘better than’. The analysis is related to Blackorby, Bossert and Donaldson’s ‘incomplete critical-level generalised utilitarianism’ (ICLGU). ICLGU is inspired by Parfit’s work and can be related to the analysis of parity, though the (...) distinctive ‘mark’ of parity suggests that the boundaries of a set of critical levels is not exact. One has to allow for vagueness to make an account based on parity plausible. These accounts are then contrasted with Broome’s view which also involves vagueness. (shrink)