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Pareto optimality and beyond

The problem of social choice is the central theme of this study. Our main objective is to prove the existence of a social welfare function in order to put to rest the doctrine of 'natural liberty.' We reject most of the recently suggested solutions to the problem on the basis that they are either incomplete or inconsistent. Our proposed social welfare function is along the utilitarian line. Ratio-scale interpersonal comparisons of cardinal utilities are used to prove its existence. If we are allowed to define utilitarianism more broadly, then our social welfare function will also be unique. Finally, the study argues strongly for more positive action on the part of the government to rectify social injustice.

Identiferoai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.72066
Date January 1985
CreatorsLi, Cheuk Ming.
PublisherMcGill University
Source SetsLibrary and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada
LanguageEnglish
Detected LanguageEnglish
TypeElectronic Thesis or Dissertation
Formatapplication/pdf
CoverageDoctor of Philosophy (Department of Economics.)
RightsAll items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated.
Relationalephsysno: 000226184, proquestno: AAINL24069, Theses scanned by UMI/ProQuest.

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