The Ethical Theory Of Property

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The Utilitarian theory of property seeks to maximize the population’s utility when a property decision is made, the greatest good for the greatest amount of people. To apply this theory one must define and aggregate a measure of utility comparable for all people in a cost-benefit analysis. A popular measure for utility, under the welfarist economics utilitarian view, is utilizing the price a person is willing to pay for a good or service as the value aggregated in the cost-benefit analysis. However, a strict welfarist utilitarian analysis will not work in this instance because welfarisim is too individualistic and decisions regarding public property and disability access will necessarily involve other costs, such as those to the…show more content…
Price seems to be the best measure for utility as almost anything can be commodified and priced by members of the population. Furthermore, other economic measures, such as how a decision increases a person’s wealth, will not reach the full population affected by this decision as some parties, like tourists do not have their wealth increased by such a public property decision. Determining the value that individuals place on the property in question on Beacon Hill, the historic sidewalks and ramps necessitates looking into the different groups of interested individuals affected by the Beacon Hill handicapped ramp decision. Individuals with disabilities that require accessible handicapped ramps pose a problem for determining a value these individuals would give the Beacon Hill handicapped ramp decision. This is because Beacon Hill serves many different functions to people. For those people with disabilities that live on Beacon Hill, updated handicapped ramps could mean the difference having access to their homes or having to move. For this group it is easy to determine a value of welfare and benefit they derive from Beacon Hill as the price they are willing to pay to live in the area. Next still within the category of persons with disabilities is the value to such persons of their ability to get to their jobs. Beacon Hill is populated with various government offices and private
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