Arrow's Theorem: The Paradox of Social Choice: A Case Study in the Philosophy of Economics : Book Review
Arrow's Theorem, as presented in the thought-provoking book by Alfred F. MacKay, delves deeply into the famous Arrow's Impossibility Theorem in social choice theory. The author skillfully navigates this theorem, which asserts the impossibility of designing a voting system that can satisfy a specific set of criteria simultaneously. MacKay's comprehensive...