Table of Contents
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Acknowledgements ix
Part I Foundations
1. Introduction 3
2. David Hume’s ‘judicious spectator’ 14
3. Bentham’s legacy 23
4. J.S. Mill’s apostasy 38
5. The retreat to the margin 50
Part II Analysis
6. The concept of economic welfare 59
7. Cambridge versus Lausanne 69
8. What is efficiency? 92
9. Social justice and economic policy 126
10. Is democracy possible? 155
11. Building a consequentialist framework 181
Part III Outcomes
12. Privatization 199
13. Inequality 215
14. Financial crisis 244
15. Environmental crisis 263
16. Population crisis 278
17. The hollowing of democracy 290
Epilogue
18. Recapturing the high ground 303
References 314
Index 329