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
UCL Faculty of Laws the Faculty from September 2008 to May 2017. The current dean is Piet Eeckhout. In November 2010, the Faculty launched the UCL Judicial Institute, the first specialist academic centre for research and teaching about the judiciary to be established in the UK. The Faculty is based at Bentham House, Endsleigh Gardens, a few minutes’ walk from the main UCL campus. The building is named after philosopher, jurist and reformer Jeremy Bentham (1748–1832), who is closely associated with UCL. The main building was originally constructed in 1954–8 as a headquarters for the National Union of General and Municipal Workers: the exterior