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This paper has two sources: One is my own research in three broad areas: business cycles, economic measurement and social choice. In all of these fields I attempted to apply the basic precepts of the scientific method as it is understood in the natural sciences. I found that my effort at using...
Persistent link: https://www.econbiz.de/10005187334
The paper challenges the 'orthodox doctrine' of collective choice theory according to which Arrow’s 'general possibility theorem' precludes rational decision procedures generally and implies that in particular all voting procedures must be flawed. I point out that all voting procedures are...
Persistent link: https://www.econbiz.de/10005649786