Arrow's impossibility theorem is not relevant to modern analysis of political economy.

Name: Arrow's impossibility theorem is not relevant to modern analysis of political economy.
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Arrow's impossibility theorem, which states that it is impossible to construct a perfect voting system that satisfies all desirable criteria, is still relevant in modern analysis of political economy. It is often cited in discussions of voting theory, social choice theory, and democratic decision-making.

Arrow's Impossibility Theorem Is Not Relevant to Modern Analysis of Political