The social development modeling based on ethical criteria of the economic goods distribution

Kravtsov, Alexandr and Кравцов, Олександр Олексійович (2019) The social development modeling based on ethical criteria of the economic goods distribution. Економіка. Фінанси. Право (7/1). pp. 18-21. ISSN 2409-1944

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Abstract

The economic goods distribution plays a key role in shaping public welfare. The public welfare function is the analytical expression which is based on the set of ethical criteria of the economic goods distribution. The theoretical basis for determining the public welfare function is laid in the economic theory of welfare. The purpose of the research is to generalize the scientific views on public welfare and approaches to its definition. The article proves that the dominant utilitarian approach does not allow to reliably estimate public welfare, since it does not take into account the supraindividual characteristics of public relations. The individual welfare is a derivative of his estimation by the social group, which reflects the dominant social views. The public welfare functions must be built on a different theoretical basis to estimate specific measures of economic policy.

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