Two main consequentialist theories - Utilitarianism

4 important questions on Two main consequentialist theories - Utilitarianism

What are the two important authors when it comes to Utilitiarianism?

  1. Jeremy Bentham (1748-1832)
  2. John Stuart Mill (1806-1873)

In which field is utilitiarinism very influential? And what is this field related to?

Utilitarianism is very influential in normative economics, which is related to the egoistic view of humans in economics.

In practice, utilitarianism becomes an analysis of advantages and disadvantages, how is this also called in literature?

A cost/benefit analysis.
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Egoism in economics tends to function within what type of moral theory?

A utilitarian societal moral theory.

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