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Table of Contents
Fact or Value? A Simple Example: Sustainable Development and the Discount Rate
Positive Propositions and Value Judgements
Fact and Value in Welfare Economics
From Individuals' Choices to Their Welfare
Pareto Optimality and the Social Welfare Function
From Individuals' Welfare to Social Welfare
Utilitarianism in Welfare Economics
Critics of Utilitarianism
GDP and Friends
Equality of What?
The Boundary of Society: The Boundary in Space
The Boundary of Society: The Boundary in Time
The Discount Rate
Overview: Value Judgements in Welfare Economics