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Choice: Its Increase and its Value
Published online by Cambridge University Press: 27 January 2009
Extract
Much has been made in recent years of increasing the choice of the citizen-consumer. This article argues that the concept of ‘increasing choice’ is far more problematic than at first appears and has little intrinsic value in itself. Choice is only to be valued in itself in the sense that the process of choice or decision-making plays a part in our discovery of our own preferences. To justify the introduction of the market process on the grounds of increasing choice is doubly wrong; first, increasing choice is not in itself valuable and, secondly, what is valuable about the market has little to do with choice.
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References
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10 We should note in passing that the term ‘option’ is more wide-ranging than that of ‘alternative’. Saying that one has a choice amongst several alternatives entails that choosing one excludes choosing the others. Alternatives are mutually exclusive. However, no such implication is contained in the term ‘option’. Generally speaking, for ease of presentation, I will be concentrating on ‘alternatives’ although I occasionally use the term option. Everything I say about alternatives can be extended, with a little revision, to options.
11 I owe this formulation of the possible intrinsic value of this notion of choice to Bob Goodin.
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