Economics Dictionary of ArgumentsHome
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| Arrow’s Theorem - Economics Dictionary of Arguments | |||
| Arrow’s theorem: The Arrow theorem, established by Kenneth Arrow in 1951, shows that it is impossible to create a voting system that fulfills all desirable criteria simultaneously. It shows that no voting method can avoid paradoxes and ensure fairness, transitivity and independence from irrelevant alternatives in all situations, which has implications for political decision-making and social choice theory. See also Social choice theory._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| D’Agostino, Fred | Arrow’s Theorem | D’Agostino, Fred | |
| Public Choice Theory | Arrow’s Theorem | Public Choice Theory | |
| Weale, Albert | Arrow’s Theorem | Weale, Albert | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2025-03-28 | |||
