Social Choice and Welfare

, Volume 16, Issue 1, pp 17–40 | Cite as

Consequences, opportunities, and procedures

  • Kotaro Suzumura

Abstract.

This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informational basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of their consequences. Three examples – the problem of fair cake division, the role of competition in the promotion of economic welfare, and bilateral trade restrictions – are invoked to pinpoint the services rendered by procedural considerations in making social welfare judgements. The Pareto libertarian paradox is also re-examined within the extended framework incorporating procedural considerations along with consequential considerations.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1999

Authors and Affiliations

  • Kotaro Suzumura
    • 1
  1. 1.The Institute of Economic Research, Hitotsubashi University, Naka 2–1, Kunitachi, Tokyo 186, Japan (e-mail: cr00061@srv.cc.hit-u.ac.jp)JP
  2. 2.The Institute for Social and Economic Research, Osaka University, Suita, Osaka, JapanJP

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