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Pronunciation varies by accent · noun
(philosophy) An axiology or ethical theory in which value is determined by the well-being (e.g., happiness) of people or other sentient beings..
More precisely, Kaplow and Shavell (2001) have shown that the Pareto principle does not hold when the planner departs from welfarism, i.e., when the [social welfare function] does not only include the agents’ utility.
So, I think we have way too much compromise, and we need to define what we believe in. We either believe in welfarism and socialism and big government, or we believe in liberty and limited government and in the Constitution.
Use welfarism when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Welfarism means (philosophy) An axiology or ethical theory in which value is determined by the well-being (e.g., happiness) of people or other sentient beings..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
More precisely, Kaplow and Shavell (2001) have shown that the Pareto principle does not hold when the planner departs from welfarism, i.e., when the [social welfare function] does not only include the agents’ utility.
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