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A Policymaker’s Guide to Welfarism

Welfarism is widely employed and debated not only among philosophers, political scientists, and economists, but also increasingly among legal scholars. However, not all legal scholars fully appreciate this approach to social choice. For example, welfarism is commonly, but wrongly, equated with utilitarianism. Recent contributions bylegal scholars—in particular, Kaplow and Shavell—considerably advanced the understanding of welfarism.