Welfare Propositions of Economics and Interpersonal Comparisons of Utility

摘要: This is clearly Mr. Harrod's view. He says: 2" Consider the Repeal of the Corn Laws. This tended to reduce the value of a specific factor of production—land. It can no doubt be shown that the gain to the community as a whole exceeded the loss to the landlords—but only if individuals are treated in some sense as equal. Otherwise how can the loss to some—and that there was a loss can hardly be denied—be compared with the general gain? If the incomparability of utility to different individuals is strictly pressed,'not only are the …