Social welfare is maximized when a "hedonistic calculus" regulates all human action according to the interventionist "liberal":

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Jeremy Bentham is associated with the concept of "hedonistic calculus," which is a part of his utilitarian philosophy. This philosophy suggests that actions should be judged as morally right or wrong based on their consequences, specifically the extent to which they promote happiness or pleasure and minimize pain. Bentham's approach is foundational to utilitarianism, which aims at maximizing social welfare by focusing on the greatest happiness for the greatest number.

Social Welfare Is Maximized When a "Hedonistic Calculus" Regulates All