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
The Collected Works of Jeremy Bentham in many points of detail, and which omits Bentham's writings on religion; and also the 3-volume "Jeremy Bentham's Economic Writings" (1952–54) edited by Werner Stark, which has likewise been subject to criticism. The series is being published under the auspices of the Bentham Project at University College London, whose library holds the majority of Bentham's surviving manuscripts. Since 2010 the Project has also run Transcribe Bentham, a project for transcribing Bentham's manuscripts through crowdsourcing, the output of which is intended, once edited, to appear in future "Collected Works" volumes. The Bentham Project is governed by the Bentham Committee, which was