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Forms of Utilitarianism

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Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms? Briefly describe each.
The first form of utilitarianism was a view by Jeremy Bentham and John Stuart Mill. They viewed utilitarianism as that a person’s actions are right if they create the most pleasure, and wrong if they do not. Both men believed that pleasure and happiness were equal and considered it the ultimate value. They thought of utilitarianism as self-interest. An understanding of this is that if someone gets pleasure out of something or it makes them happy then it is okay for them to do something. For example, if someone gets pleasure out of driving much faster than the speed limit, then according to Bentham and Mill it must be right because it is giving this person pleasure when really this person is breaking the law and it is not okay to do.
The second form of utilitarianism is known as “rule utilitarianism” or called act utilitarianism. This form is like the view of Bentham and Mill in that it is still about pleasure, but not self-pleasure. This form is on a bigger scale that it is not just one person but many people that it is for. If the overall level of happiness or pleasure is greater than the pain or unhappiness then it is considered a good action. This form is appealing for businesses since there is usually a very large amount of people. An example of this would be a company that is reconstructing its way of working. Part of the companies plan may result in people losing their jobs. Although these people lost their jobs and were unhappy, there were less people losing their jobs than that of the people that were still in the company that were happy so that makes it a good decision for the company.
What do economists mean by the declining marginal utility of money?
Robert Nozick presents his entitlement theory as a function of three basic

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