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Theory of Pleasure and Pain

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The Theory of Political Economy

Part of the book series: Palgrave Classics in Economics ((PCE))

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Abstract

Proceeding to consider how pleasure and pain can be estimated as magnitudes, we must undoubtedly accept what Bentham has laid down upon this subject. “To a person,” he says,1 “considered by himself, the value of a pleasure or pain, considered by itself, will be greater or less according to the four following circumstances :—

  1. (1)

    Its intensity.

  2. (2)

    Its duration.

  3. (3)

    Its certaintyor uncertainty.

  4. (4)

    Its propinquityor remoteness.

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© 2013 Palgrave Macmillan, a division of Macmillan Publishers Limited

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Jevons, W.S. (2013). Theory of Pleasure and Pain. In: The Theory of Political Economy. Palgrave Classics in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137374158_2

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