ABSTRACT
Part 3, Chapter 11. Detailed contents: 11.1 Introduction. 11.2 Justifying unrealistic and flawed hedonist economics. 11.2.1 The alleged neutrality of (positive) hedonist utilitarians. 11.2.2 Senior case for utilitarian and positive economics. 11.2.3 J.S. Mill’s argument. 11.3 Changing the meaning of utility and shifting attention to consumption. 11.3.1 Jean-Baptiste Say and James Maitland contest labor theories of production, value and existence. 11.3.2 Constructing a hedonist utility. 11.3.3 Production and work would be about creating hedonist utility via consumption. 11.4 Money: A mystical commodity for calculating hedonistic utility. 11.5 Conclusion. Appendix.
