Economist Kenneth Arrow wrote a famous book in 1951 in which he took up the question,
A) Is there a perfect voting system?
B) Are preferences transitive?
C) Is a dictatorship a good form of government?
D) Should the president of the United States be elected to a single, six-year term?

Question

Quizplus · Accepted Answer

Kenneth Arrow's book, "Social Choice and Individual Values," explored the question of whether there could be a perfect voting system. He concluded that there could not be a system that consistently produced optimal outcomes, and he identified a set of criteria that any voting system would have to violate in order to produce suboptimal outcomes.

Economist Kenneth Arrow Wrote a Famous Book in 1951 in Which