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The Negation of Impossibility.pdf (324.86 kB)
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The impossibility theorems of Arrow and Gibbard-Satterthwaite have been thought to rule out economic democracy and welfare economics. This paper demonstrates an information processing system which accords with the premises of these authors, and, consequently, proves their conclusions of impossibility to be untrue except as mathematical tautologies.
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j.c.lawrence@cox.netLead author country
- United States
Lead author job role
- Independent researcher
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- No
