Utilitarian Framework

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Dworkin and Kronman argue that people who are unable to buy a good in a wealth maximizing framework are able to do so within a utility centered framework (Posner 1980). Posner (1980) argues that not everyone is required or has a right to be able to buy a good that they may want or need. Wealth maximization allows those who are able and willing to pay to get the goods. If there is a storm that wipes out all the power, then those who need the power the most will pay for the increased price (caused by high demand) in a generator. Dworkin and Kronman would argue that if an economist had a utilitarian framework then those who could not afford it might still be able to get a generator because of the happiness and greater well-being it would bring …show more content…

Moral rights are important within society to maintain peace and stability. Moral rights align people towards truth. Economists should not have a framework that does not align with moral rights. Brandt believes they are incompatible because there cannot be a concept of a right within the utilitarian framework. How can a right be moral if there is no right? Along with morality and utilitarianism being incompatible, it is hard to imagine an economist having a framework without the idea of a right. With no rights, there is not the right to property, which causes a problem within the market. Without any ownership, it is hard to run a market efficiently. The economy would not be able to flourish and remain stable without property rights; thus, the economists should not use a utilitarian framework in their …show more content…

The Bible champions truth; a truth that is objective. The utilitarian framework discovers subjective truth through a proportion of goodness and well-being for the individual and society over badness and decreased well-being. Utilitarianism is a value-based theory that determines rightness and wrongness on people's opinions of goodness and badness of an act. To hold to one's Christian morals and Biblical worldview, the framework for economics and ethics cannot be founded on utilitarian principles. Thus, the economist should not use a utilitarian framework in their analysis if they are coming from a Christian perspective with a Biblical worldview because they are not holding to their morals and belief in objective

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