The Economic Uses of Utilitarianism
This chapter discusses the total utility of the outcome, which is an argument related to the evaluation of some economists regarding alternative economic policies. One of the questions related to this argument is how much income should be redistributed from those with high wages and salaries to those with low wages. The chapter also includes an exercise, which aims to determine that the feasible redistributive system is able to bring the greatest total utility.
Keywords: total utility, economists, evaluation, economic policies, income, redistributive system
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