What is the impossibility of the paretian liberal

Reference no: EM13521654

(a) Many have read Arrows impossibility theorem as a generalization of the paradox of voting. According to Sen, however, what in Arrows framework excludes the possibility of dealing with judgments concerning income distribution is the neutrality result that Arrow obtains on the way of establishing his impossibility theorem. What does it mean?

(b) What is the impossibility of the Paretian liberal? What is Nozicks way out of the paradox? What is Andrew-Calvins solution to the paradox? How does it differ from Nozicks solution?

Reference no: EM13521654

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