This essay is arranged in three sections. In the first I consider interaction problems that can frustrate maximizers. My object here is to add to the kind of case discussed by Gauthier, another in which maximizers would not do well. In the next section I set out conditions under which ‘straight’ or ordinary maximizers could avoid their problems as surely and as easily as could Gauthier's ‘constrained’ maximizers. And in the last section I comment on the relative merits of straight (...) and ‘constrained’ maximization. Attention here is paid first to the suggestion that straight maximizers in view of their problems would choose not to be straight maximizers, would indeed choose to be ‘constrained’ maximizers, and that this shows that there is something wrong with straight maximization. Rejecting this inference, I turn in conclusion to the idea that it follows from the ‘incompleteness’ of straight maximization, from the fact that it is not always possible, that there is something wrong with it. This inference too is rejected. (shrink)

Economic man seeks to maximize utility. The rationality of economic man is assumed, and is identified with the aim of utility-maximization. But may rational activity correctly be identified with maximizing activity? The object of this essay is to explore, and in part to answer, this question.This is not an issue solely, or perhaps even primarily, about the presuppositions of economics. The two great modern schools of moral and political thought in the English-speaking world, the contractarian and the utilitarian, identify rationality (...) with maximization, and bring morality into their equations as well. To the contractarian, rational man enters civil society to maximize his expectation of well-being, and morality is that system of principles of action which rational men collectively adopt to maximize their well-being. To the utilitarian, the rational and moral individual seeks the maximum happiness of mankind, with which he identifies his own maximum happiness. (shrink)

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