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Social Decisions without Social Preferences

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Planning and Market Relations

Part of the book series: International Economic Association Series ((IEA))

Abstract

One of the most sacred foundations of economic reasoning is that decisions are a reflection and implementation of preferences. Consumers ’ decisions reveal ‘revealed preference ’. Business decisions are intended to maximise profits because businessmen prefer higher profits to lower. All decisions are intended to obtain the more preferred in lieu of the less preferred.

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References

  1. K. J. Arrow, Social Choice and Individual Values (New York, 1951).

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  2. A. F. Bentley, The Process of Government (New York, 1907).

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  3. R. A. Dahl and C. E. Lindblom, Politics, Economics and Welfare (New York, 1953).

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  5. R. Dorfman, and H. D. Jacoby, ‘A Model of Public Decisions Illustrated by a Water Pollution Policy Problem ’, in R. H. Haveman and J. Margolis (eds), Public Expenditures and Policy Analysis (Chicago, 1970).

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  6. D. B. Truman, The Governmental Process: Political Interests and Public Opinion (New York, 1951).

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  7. A. Wildavsky, The Politics of the Budgetary Process (Boston, 1964).

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  8. See M. C. Kaser, ‘Some Macoeconomics of Education ’, in K. Hüfner and J. Naumann (eds), Economics of Education in Transition (Stuttgart, 1969) pp. 141–2.

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Author information

Authors and Affiliations

  1. Harvard University, USA

    Robert Dorfman

Authors
  1. Robert Dorfman
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Editor information

Editors and Affiliations

  1. St Antony’s College, Oxford, UK

    Michael Kaser

  2. Princeton University, USA

    Richard Portes

Copyright information

© 1971 International Economic Association

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Dorfman, R. (1971). Social Decisions without Social Preferences. In: Kaser, M., Portes, R. (eds) Planning and Market Relations. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15410-4_9

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