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
James Bentham reformer Jeremy Bentham (1748–1832). From Ely Grammar School, James was admitted 26 March 1727 to Trinity College, Cambridge, from which he graduated B.A. in 1730, and M.A. in 1738. In 1733 he was presented to the vicarage of Stapleford in Cambridgeshire, which he resigned in 1737, when he was made a minor canon of Ely. In 1767 Bentham was presented by Bishop Matthias Mawson to the vicarage of Wymondham in Norfolk, and upon his resignation of that living in the following year to the rectory of Feltwell St Nicholas in the same county. This preferment he held till 1774, when