UTILITARIANISM: A philosophical view that the value or worth of an action depends on the amount of pleasure it generates or the amount of pain it prevents, or in economic terms, the amount of utility generated. Utilitarianism, although dating back to the early Greek philosophers, is largely attributable to the work of Jeremy Bentham and John Stuart Mill. This philosophy played a major role in the development of modern consumer demand theory and utility analysis.Utilitarianism is a philosophy, formally developed in the late 1700s by Jeremy Bentham, based on the notion that an action is deemed good or bad, valuable or not, based on its consequences. In other words, an action has no intrinsic value, it is not intrinsically good or bad, but only valued based on how it affects the welfare of the people. The specific consequences used for this valuation is the utility generated. Main FeaturesThe primary features of utilitarianism are:
The Golden AgeThe primary proponents of utilitarianism were Jeremy Bentham, who did his work in the late 1700s, and John Stuart Mill, who worked in the mid 1800s. Although utilitarianism can trace its roots back to the ancient Greeks philosophers, Bentham and Mill enhanced and modified these existing views of utilitarianism. The philosophy blossomed at their hands.Jeremy Bentham laid out the basic foundations of the utilitarian philosophy and coined the terms utility and utilitarianism. In particular, Bentham championed the idea that society should pursue actions that maximized the utility or welfare for all of society. John Stuart Mill was trained in utilitarianism from an early age by his father James Mill, who just happened to be an extremely close friend of Bentham. The younger Mill picked up the mantle of utilitarianism from Bentham and was its primary advocate through much of the 1800s. He wrote Utilitarianism in 1861, what many considered the definitive statement of this view, and perhaps equally important, he integrated the notions of utility and utilitarianism into economic thinking through his work Principles of Political Economy, that was published in 1848 and which became the dominant economic textbook for decades. An Economic FoundationWhile the golden age of utilitarianism was the 1800s, it did not fade with the passing of John Stuart Mill. In fact, largely due to Mill's Principles of Political Economy, utilitarianism became an integral dimension of modern economic theory. It is an essential, albeit often unrecognized, foundation of consumer demand theory and utility analysis. The concepts of utility and the utility maximization assumption both reflect the utilitarianism view.Utilitarianism is pervasive throughout the study economics.
Points of DebateLike any philosophical view, utilitarianism has been critiqued and criticized. Three points of debate are particularly noteworthy:
Check Out These Related Terms... | utility measurement | util | cardinal utility | ordinal utility | diamond-water paradox | utility maximization | Or For A Little Background... | utility | consumer demand theory | utility analysis | total utility | marginal utility | satisfaction | value | third rule of subjectivity | cause and effect | And For Further Study... | marginal utility-price ratio | constrained utility maximization | consumer equilibrium | rule of consumer equilibrium | marginal utility and demand | law of diminishing marginal utility | Recommended Citation: UTILITARIANISM, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: December 16, 2025]. |
