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Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy

Summary:
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. Original Article: "Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy".

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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.

Original Article: "Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy".

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