- Series Information
- The Oxford Handbook of Well-Being and Public Policy
- List of Contributors
- Cost-Benefit Analysis
- Inequality and Poverty Measures
- Social Welfare Functions
- QALY-Based Cost-Effectiveness Analysis
- Fair Allocation
- Social Ordering Functions
- Multidimensional Indicators of Inequality and Poverty
- Happiness-Based Policy Analysis
- Preference-Based Views of Well-Being
- Mental State Approaches to Well-Being
- Objective Goods
- Subjective Well-Being in Psychology
- Subjective Well-Being in Economics
- Equivalent Income
- Extended Preferences
- SWB as a Measure of Individual Well-Being
- Does the Choice of Well-Being Measure Matter Empirically?
- Does Fairness Require a Multidimensional Approach?
- The Capability Approach and Well-Being Measurement for Public Policy
- Measuring Poverty: A Proposal
- Multidimensional Poverty Indices: A Critical Assessment
- Social Evaluation under Risk and Uncertainty
- Individual Responsibility and Equality of Opportunity
- Welfare Comparisons with Heterogeneous Prices, Consumption, and Preferences
- Welfare and the Household
- Preference Inconsistency: A Psychological Perspective
- Lifetime Well-Being
- The Well-Being of Future Generations
- Author Index
- Subject Index
Abstract and Keywords
This chapter surveys some of the issues that arise in policymaking when the well-being of future generations must be taken into account. It considers the different sorts of discounting that may be applied to future well-being, and considers whether any of them are permissible. It next argues that policymakers cannot properly ignore the effects that different policies have on the number of future people who will come into existence. These effects are pervasive, and the chapter goes on to consider what theoretical basis is available for setting a value on them. Finally it describes the “nonidentity effect,” through which a choice of policy affects the identity of people born in the future, and examines what implications it has for intergenerational justice and for the Pareto principle.
John Broome is White’s Professor of Moral Philosophy at the University of Oxford, and a Fellow of Corpus Christi College, Oxford. His books include Weighing Goods: Equality, Uncertainty and Time (Blackwell 1991), Weighing Lives (Oxford University Press 2004), and Ethics Out of Economics (Cambridge University Press, 1999). He now works on rationality and reasoning, and also on the morality of climate change.
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