Dictionary of Arguments

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Mause I 271
Welfare Economics/Arrow:
Def Arrow theorem: it is impossible to democratically derive from the unrestricted preferences of individuals a consistent social welfare function that cannot be manipulated by adding irrelevant alternatives and fulfils the Pareto criterion. (1) ArrowVsNeoclassical theories, See Welfare Economics/Neoclassical Economics.
Problems: See Benefit/Mueller, Dennis C.

1.Kenneth J. Arrow, Social choice and individual values. New Haven 1951.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconArrow I
Kenneth J. Arrow
Social Choice and Individual Values: Third Edition New Haven 2012

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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