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Full-Text Articles in Business Law, Public Responsibility, and Ethics
Collective Choice, Justin Schwartz
Collective Choice, Justin Schwartz
Justin Schwartz
This short nontechnical article reviews the Arrow Impossibility Theorem and its implications for rational democratic decisionmaking. In the 1950s, economist Kenneth J. Arrow proved that no method for producing a unique social choice involving at least three choices and three actors could satisfy four seemingly obvious constraints that are practically constitutive of democratic decisionmaking. Any such method must violate such a constraint and risks leading to disturbingly irrational results such and Condorcet cycling. I explain the theorem in plain, nonmathematical language, and discuss the history, range, and prospects of avoiding what seems like a fundamental theoretical challenge to the possibility …
Emerson College Csr Course - Spring 2011 Guest Speakers, Art Stewart
Emerson College Csr Course - Spring 2011 Guest Speakers, Art Stewart
Art Stewart
No abstract provided.
"Corporate And Social Responsibility: The Changing Context For Marketing Communications Practice", Art Stewart
"Corporate And Social Responsibility: The Changing Context For Marketing Communications Practice", Art Stewart
Art Stewart