John Broome

The object of this paper is to explore the intersection of two issues – both of them of considerable interest in their own right. The first concerns the role that feasibility considerations play in constraining normative claims – claims, say, about what we (individually and collectively) ought to do and to be. This issue has particular relevance for the confrontation of moral philosophy with economics (and social science more generally). The second issue concerns whether normative claims are to be understood as applying only to actions in their own right or (also) non-derivatively to attitudes. Both these issues are ones on which different theorists have taken quite different stands, though we think there is more to be said about them. The point of juxtaposing them lies in the thought that actions and attitudes may be subject to different feasibility constraints – and hence that how we conceive of the role of feasibility in an account of normativity will depend in part on how we conceive of the role of actions and attitudes in normative theorising.

Two options are incommensurate in value if neither is better than the other, and if a small improvement or worsening of one does not necessarily make it determinately better or worse than the other. If a person faces a sequence of choices between incommensurate options, she may end up with a worse options than she could have had, even though none of her choices are irrational. Yet it seems that rationality should save her from this bad outcome. This is the practical problem posed by incommensurability of values, and it may be solved by a new account of practical reasoning.

Normative requirements are often overlooked, but they are central features of the normative world. Rationality is often thought to consist in acting for reasons, but following normative requirements is also a major part of rationality. In particular, correct reasoning – both theoretical and practical – is governed by normative requirements rather than by reasons. This article explains the nature of normative requirements, and gives examples of their importance. It also describes mistakes that philosophers have made as a result of confusing normative requirements with reasons.

Three propositions: (1) Necessarily we have reason to do as rationality requires. (2) Rationality requires of us that, when we intend an end, we pursue that end. (3) Intending an end gives us reason to pursue that end. Joseph Raz argues by means of something he calls ‘the facilitating principle’ that 1 and 2 imply 3. He accepts 2 but denies 3 on the grounds that we cannot bootstrap into existence a reason to pursue an end, just by forming an intention. He therefore denies 1. I also accept 2 and deny 3 on the same grounds. But I am agnostic about 1. I argue that Raz’s inference of 3 from 1 and 2 is invalid, along with the facilitating principle.

Economists can value things for cost-benefit analysis using either a structured or an unstructured approach. The first imposes some theoretical structure on the valuation; the second does not. This paper explains the difference between the approaches and examines the relative merits of each. Cost-benefit analysis may be aimed at finding what would be the best action, or alternatively at finding which action should be done in a democracy. The paper explains the difference, and argues that the appropriate aim is the first. Given that, it comes down in favour of the structured approach to valuation. As an example, it discusses different approaches to valuing life in economics.

Many economic problems are also ethical problems: should we value economic equality? how much should we care about preserving the environment? how should medical resources be divided between saving life and enhancing life? This book examines some of the practical issues that lie between economics and ethics, and shows how utility theory can contribute to ethics. John Broome's work has, unusually, combined sophisticated economic and philosophical expertise, and Ethics Out of Economics brings together some of his most important essays, augmented with an updated introduction. The first group of essays deals with the relation between preference and value, the second with various questions about the formal structure of good, and the concluding section with the value of life. This work is of interest and importance for both economists and philosophers, and shows powerfully how economic methods can contribute to moral philosophy.

In 1955 John Harsanyi proved a remarkable theorem that connects general good with the personal good of individuals. This chapter interprets Harsanyi’s theorem. It explains the meaning of its conclusion, the way it links together intrapersonal and interpersonal aggregation, and in particular the link it makes between the value of avoiding risk and the value of avoiding inequality between people. It explains how the theorem connects prioritarianism with risk avoidance and utilitarianism with risk neutrality. It sets out the theorem’s premises and assesses the various objections that have been made to them. Finally, it considers how far Harsanyi’s theorem gives support to utilitarianism.

In The Moral Dimension, Amitai Etzioni claims, as did Albert Hirschman in Morality and the Social Sciences, that people often act from moral motives, that economics needs to recognize this, and that it will be significantly changed by doing so. I agree, though I think the changes may be smaller than Etzioni believes – I shall be explaining why. But Etzioni goes further. He makes a specific claim about the sort of morality that motivates people: it is deontological. In this paper, I shall examine what this means, how far it is true, and what difference it makes

Intuition suggests there is no value in adding people to the population if it brings no benefits to people already living: creating people is morally neutral in itself. This paper examines the difficulties of incorporating this intuition into a coherent theory of the value of population. It takes three existing theories within welfare economics - average utilitarianism, relativist utilitarianism, and critical-level utilitarianism - and considers whether they can satisfactorily accommodate the intuition that creating people is neutral.