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
John Armstrong (British writer/philosopher) John Armstrong (British writer/philosopher) John Armstrong (born 1966) is a British writer and philosopher living in Hobart, Australia. He was born in Glasgow and educated at Oxford and London, later directing the philosophy program at the University of London's School of Advanced Study. Armstrong was philosopher in residence at the Melbourne Business School and senior adviser to the vice-chancellor of Melbourne University until 2014. In 2014 he became a professorial fellow at the University of Tasmania. He is author of several books on philosophical themes. Armstrong's work has covered a range of themes including art, beauty, and civilisation. His work