The Utilitarian Theory Of Property

1590 WordsDec 5, 20157 Pages
A. Utilitarianism 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. The difficulty with this theory stems from defining and aggregating 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 as because welfarisim looks more towards individualism with the impact on individual persons and the decisions regarding public property and disability access will necessarily involve other costs, such as those to the government and the value of cultural property, therefore in this analysis other factors must be taken into account. Applying a cost-benefit utilitarian analysis for the property decision in the Beacon Hill case shows the problem of looking at decisions regarding cultural property and disability accessibility through a Utilitarian lens. 1. Defining a Value for Utility To analyze a property decision through a Utilitarian cost-benefit analysis, the measure and value of utility must be assigned. The difficulty here and with public property in general, is finding a comparable measure and value of utility in a diversified population with a vast scope of benefits
Open Document