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Words: | Submitted: Mon Jun 19 2006
... economy' promoted the notion of 'individualism' (Fraser, D. (2003) p. 111), Bentham was aware of the need for government intervention in order to achieve universal contentment. This suggests that Bentham had ideas regarding 'collectivist state action' that would 'give the greatest happiness of the greatest number' to individuals within society (Fraser, D. (2003) p. 111). This is derived from Bentham's most predominant of ideas, whereby he encouraged the application of 'the test of utility to all institutions' (Fraser, D. (2003) p. 111). The concept of 'utilitarianism' (Fraser, D. (2003) p. 111) can be said, as by Maguire et al. (2002), to be similar to the modern notion of 'rational choice theory' (Maguire, M. et al. (eds) (2002) p. 59) and in its basic form refers to a type of cost benefit analysis that is applicable to human behaviour. 'Utilitarianism wished to release the potential of individual interests working naturally in ...
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