Multi-Dimensional Consequentialism and Risk

In his new book, The Dimensions of Consequentialism, Martin Peterson proposes a version of multi-dimensional consequentialism according to which risk is one among several dimensions. We argue that Peterson’s treatment of risk is unsatisfactory. More precisely, we discuss a number of major problems of one-dimensional (objective or subjective) consequentialism, and show that none of them disappears with Peterson’s proposal. In ending our paper, we address the objection that our discussion overlooks the fact that Peterson’s proposal is not the best version of multi-dimensional consequentialism. Our reply is that the possibilities of improving multi-dimensional consequentialism are very limited as far as risk is concerned.