Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy | Robert P. Murphy

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Kenneth Arrow showed in 1951 that the entire project of social choice theory rested on quicksand.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
  1. misesmedia
  2. Voting
  3. social choice theory
  4. Kenneth Arrow
  5. 1951
  6. Democracy
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Комментарии
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So democracy is the wrong social theory, why does society follow it ?

Jackrobert
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This is Horse Hockey. I wanna hear Bob narrate this. Tell Bob to get his ass in front of a camera. We miss his no nonsense analysis.

rexmann
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So, if the solution for selecting political leaders is a no set, does that mean no government? (only way to satisfy the solution given there is no way of choosing one) Ha! Me thinks anarcho-capitalists would like this!

aFreeDrifter
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Arrow's Impossibility Theorem just a dishonest abstraction of possible but unlikely and unusual voter choices which appropriately fail to impact the outcome?
Far from honest, is this a red herring designed to perpetuate the very flawed process Arrow's Impossibility Theorem pretends to depose?

aubreydebliquy