This book deals with 18 voting procedures used or proposed for use in elections resulting in the choice of a single winner. These procedures are evaluated in terms of their ability to avoid paradoxical outcomes. Together with a companion volume by the same authors, Monotonicity Failures...

This chapter argues that modern readers can benefit from studying the classics today, because the classical approach to studying an economic system in motion under a cumulative process of division of labour offers a superior starting point for analysing salient properties of capitalist market...