![]() ![]() The three main theories of well-being are hedonism, desire theories, and objective list theories. 2 What things are in themselves good for a person? The diverging answers to this question give rise to a variety of theories of well-being, each of which regards different things as the components of well-being. However, there is widespread disagreement about what constitutes well-being. (We can similarly speak of things that are intrinsically bad for you, like misery, as “welfare bads”.) In contrast, money can buy many useful things and is thus instrumentally good for you, but does not directly, in itself, contribute to your well-being. ![]() For example, happiness is intrinsically good for you it directly increases your well-being. The term well-being is used in philosophy to describe everything that is in itself good for someone-so-called intrinsic or basic welfare goods-as opposed to things that are only instrumentally good. While consequentialists claim that what is right is to promote the amount of good in the world, welfarists specifically equate the good to be promoted with well-being. Practical Implications of Theories of Well-BeingĪ core element of utilitarianism is welfarism-the view that only the welfare (also called well-being) of individuals determines how good a particular state of the world is.
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