Jeremy Bentham to the fundamental concepts employed in his model of utilitarian decision making. His work is considered to be an early precursor of modern welfare economics. Bentham stated that pleasures and pains can be ranked according to their value or "dimension" such as intensity, duration, certainty of a pleasure or a pain. He was concerned with maxima and minima of pleasures and pains; and they set a precedent for the future employment of the maximisation principle in the economics of the consumer, the firm and the search for an optimum in welfare economics. Bentham advocated "Pauper Management" which involved the creation
Jeremy Taylor (writer) Jeremy Taylor (writer) Jeremy Taylor is a writer, editor and publisher who was born in England and has lived and worked in Trinidad and Tobago in the Caribbean since 1971. Taylor attended The King's School, Ely. He received his Bachelor of Arts degree in English from the University of Cambridge (1962–65), and then a Master of Arts and Diploma in Education from Makerere University in Uganda (1966–67). In Trinidad, he taught at Fatima College before starting as a freelance journalist with several local international publications. He established his own publishing company Media and Editorial Projects Limited in 1991. For several