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
An Introduction to the Principles of Morals and Legislation intensity, its duration, its degree of certainty, its propinquity or remoteness, its fecundity (i.e., its tendency to produce further pleasures or pains), its purity (i.e., whether it is purely pleasurable or painful, or is mixed with its opposite), and its extent (i.e., the number of persons to whom it extends). An Introduction to the Principles of Morals and Legislation An Introduction to the Principles of Morals and Legislation is a book by the English philosopher and legal theorist Jeremy Bentham "originally printed in 1780, and first published in 1789." Bentham's "most important theoretical work," it is where Bentham develops his