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A Note on the Principle of "Normative Individualism"

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  • Christian Schubert
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.

Suggested Citation

  • Christian Schubert, 2006. "A Note on the Principle of "Normative Individualism"," Papers on Economics and Evolution 2005-17, Philipps University Marburg, Department of Geography.
    • Handle: RePEc:esi:evopap:2005-17
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    References listed on IDEAS

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    Cited by:

    1. Krecik, Markus, 2024. "A needs-based framework for approximating decisions and well-being," Discussion Papers 2024/2, Free University Berlin, School of Business & Economics.

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    More about this item

    Keywords

    Normative Individualism; Normative Reasoning; Welfare Economics; Variable Preferences; Responsibility;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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