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Published in:
1989 | OriginalPaper | Chapter
Economic Interdependence and Optimum Population: An Examination of Meade’s Objection to the Individual Utility Criterion
Author : John D. Pitchford
Published in: Economic Theory of Optimal Population
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Meade (1955) devoted a chapter of his Trade and Welfare volume to optimum population and optimum saving. In this discussion he finds reasons for abandoning individual welfare as a criterion for optimum population in favour of the use of total utility. His objection to individual, or as he calls it “per caput” utility is worth quoting in full.