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
Philosophical Radicals philosophical radicalism from the reproach of sectarian Benthamism”, J. S. Mill introduced new themes – the dangers of excessive centralisation; of the tyranny of the majority – which laid the broader foundations of British liberalism. And a New Liberalism would succeed to the formative role of the philosophical radicals. Philosophical Radicals The Philosophical Radicals were a philosophically-minded group of English political radicals in the nineteenth century inspired by Jeremy Bentham (1748–1832) and James Mill (1773–1836). Individuals within this group included Francis Place (1771–1854), George Grote (1794–1871), Joseph Parkes (1796–1865), John Arthur Roebuck (1802–1879), Charles Buller (1806–1848), John Stuart Mill (1806–1873),