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Ep. 166 Explaining Kenneth Arrow's Impossibility Theorem for Social Choice
Episode 16627th November 2020 • Bob Murphy Show • Robert Murphy
00:00:00 00:54:36

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First Bob explains his contest involving Adventures in Pacifism--winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking.

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The audio production for this episode was provided by Podsworth Media.

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