The paper contributes to a symposium of the Oxford Review of Economic Policy on "Capitalism: What has Gone Wrong, What Needs to Change, and How can it be Fixed?". The analysis starts from the observation that, in the United States, the United Kingdom and continental Europe, widespread discontent...

An anonymous social choice function for a large atomless population maps cross-section distributions of preferences into outcomes. Because any one individual is too insignificant to affect these distributions, every anonymous social choice function is individually strategy- proof. However, not...