welfare *Libertarianism is not a theory of welfare in the sense of quality of life. It is, however, compatible in practice with preference *utilitarianism, which definitely is a theory of welfare. However, this is an unusual theory of welfare in that what we prefer need not relate to how we feel when it is achieved or even to ourselves at all. But if people regard themselves as being better off to the extent that they get what they spontaneously want (i.e., without *proactive imposition), then this seems to be the conception of welfare that they would choose for themselves (or choose above ‘welfare’, for those essentialists who deny that this can be a conception of welfare). And *liberty and the *free market give us more of what we individually want. *Politics involves politicians attempting to give us more of what they think we ought to want, and they often even fail at that. See *consequentialism; *happiness.

A Dictionary of Libertarianism