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The Negation of Impossibility
preprintposted on 2021-08-27, 23:17 authored by John LawrenceJohn Lawrence
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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Lead author country
- United States
Lead author job role
- Independent researcher
Lead author institutionUCSD
Ethics statementThe author certifies that he has no affiliations with or involvement in any organization or entity with any financial interest or non-financial interest in the subject matter or materials discussed in this manuscript.
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