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Title:A note on the principle of normative individualism” PDF Logo
Authors:Schubert, Christian
Issue Date:2005
Series/Report no.:Papers on economics and evolution 0517
Abstract:According to the principle of Normative Individualism, the evaluation of economic states and processes should be guided exclusively by the wishes of the individuals who are seen as the only bearer of values. Despite its intuitive appeal and its almost universal acceptance in normative economics (i.e., Welfare Economics as well as Constitutional Economics), the principle itself has received only scarce, mostly skeptical attention in the literature. It has even less been discussed from an explicitly evolutionary perspective on human preference formation processes. It is argued that it may be made compatible with such a perspective if it is transformed into a concept of developmental individualism that encompasses three sets of criteria, viz. preference-based, opportunity-based and distributive justice criteria.
Subjects:Normative Individualism
Normative Reasoning
Welfare Economics
Variable Preferences
Responsibility
JEL:B4
B52
D63
I3
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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