Economics Explored

Arrow's Impossibility Theorem

Episode Summary

Nobel Prize winner Kenneth Arrow proved a startling theorem in his PhD thesis. Arrow's Impossibility Theorem raises big questions about democratic decision making. A conversation regarding what it means and how much it should concern us.

Episode Notes

In Episode 102, Arrow's Impossibility Theorem is discussed by University of Queensland Senior Lecturer in Economics Dr Priscilla Man and Economics Explored host Gene Tunny.

Links relevant to the conversation

Conversation article Gene mentions in intro:

The paradox of democracy: Arrow impossibility explained:

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