PAPM 1000 Chapter 8: Chapter 8 – The Classical School – Bentham

• School: Carleton University
• Department: Public Affairs and Policy Management
• Course: PAPM 1000
• Professor: Marc Andre Gagnon

Document Summary

Chapter 8 the classical school bentham, say, senior, and mill. Society, however, has its own methods of compelling individuals to promote the general happiness. 2: criticisms (136, economic criticisms: (136, his goal of promoting the greatest happiness for the greatest number of people required the making of inter-personal utility comparisons. Such comparisons necessitate the precise measurement of utility in cardinal terms. Nassau william senior (142: positive economics (142, wished to separate the science of political economy from all value judgements, all policy pronouncement, and all efforts to promote welfare. 6: the surplus product after the necessities are supplied to all engaged in production, the disposition to save, the greater the profit that can be made from capital, the stronger the motive for its accumulation. Given a wages fund of a fixed size, the higher wage income that some workers would receive would be offset entirely by the lost wage income of those who became unemployed.