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welfare theory and since then mathematicians have been damaging democracy. My book Voting Theory for Democracy (VTFD) tries to …Economic theory needs a stronger defence against unwise application of mathematics. Mathematicians are trained for … pupils and students, in finance by neglecting real world risks that contribute to a world crisis, or in voting theory where …
Persistent link: https://www.econbiz.de/10009367967
Arrow’s Impossibility Theorem in social choice finds different interpretations. Bordes-Tideman (1991) and Tideman (2006) suggest that collective rationality would be an illusion and that practical voting procedures do not tend to require completeness or transitivity. Colignatus (1990 and 2011)...
Persistent link: https://www.econbiz.de/10009368469
insufficient attention in the literature. This review also compares DeLong’s approach with my own book "Voting theory for democracy …There will be many researchers who discover voting theory afresh and who will want to understand it and its interesting … paradoxes. Arrow's theorem (1951, 1963) is the most celebrated result in social choice theory. It has been criticized a lot but …
Persistent link: https://www.econbiz.de/10005619463
Ministers. When we compare the SDE letter with Colignatus (2001, 2007b) “Voting theory for democracy” (VTFD) then we find that … SDE does not fit voting theory for democracy. Inspection of the material upon which the SDE letter is based also shows a …
Persistent link: https://www.econbiz.de/10005622129
Democratic nations are advised to have parliaments select the chief executive by the Borda Fixed Point method. The current practice of having direct popular elections using systems that have originated in history is inoptimal and actually quite undemocratic since winners are selected who don’t...
Persistent link: https://www.econbiz.de/10005789458