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The felicific calculus is an algorithm formulated by utilitarian philosopher Jeremy Bentham (1748–1832) for calculating the degree or amount of pleasure that a specific action is likely to induce. Bentham, an ethical hedonist , believed the moral rightness or wrongness of an action to be a function of the amount of pleasure or pain that it ...
[4] The Introduction also contains Bentham's famous discussion of the "felicific (or hedonic) calculus"—his proposed method for determining which future course of action would produce the greatest net amount of pleasure over pain. According to Bentham, seven factors should be considered in weighing the value of a pleasure or pain: its ...
A formal philosophy of ethical calculus is a development in the study of ethics, combining elements of natural selection, self-organizing systems, emergence, and algorithm theory. According to ethical calculus, the most ethical course of action in a situation is an absolute, but rather than being based on a static ethical code, the ethical code ...
Act utilitarianism is a utilitarian theory of ethics that states that a person's act is morally right if and only if it produces the best possible results in that specific situation. Classical utilitarians, including Jeremy Bentham, John Stuart Mill, and Henry Sidgwick, define happiness as pleasure and the absence of pain. [1]
Utilitarian Jeremy Bentham discussed some of the ways moral investigations are a science. [9] He criticized deontological ethics for failing to recognize that it needed to make the same presumptions as his science of morality to really work – whilst pursuing rules that were to be obeyed in every situation (something that worried Bentham).
[3] [4] [5] Two-level utilitarianism is virtually a synthesis of the opposing doctrines of act utilitarianism and rule utilitarianism. Act utilitarianism states that in all cases the morally right action is the one which produces the most well-being, whereas rule utilitarianism states that the morally right action is the one that is in ...
Sir Bernard Arthur Owen Williams FBA (21 September 1929 – 10 June 2003) was an English moral philosopher.His publications include Problems of the Self (1973), Ethics and the Limits of Philosophy (1985), Shame and Necessity (1993), and Truth and Truthfulness (2002).
If Walras's law has been satisfied, the optimal solution of the consumer lies at the point where the budget line and optimal indifference curve intersect, this is called the tangency condition. [3] To find this point, differentiate the utility function with respect to x and y to find the marginal utilities, then divide by the respective prices ...