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| | RATIONALITY AND SOCIAL CHOICE[A] Magazine: American Economic Review, March, 1995 (Site not responding. Last check: 2007-10-21) |
 | | Social Welfare Judgments and Arrow's Impossibility Theorem The subject of welfare economics was dominated for a long time by the utilitarian tradition, which performs interpersonal aggregation through the device of looking at the sum-total of the utilities of all the people involved. |
 | | If, in general, processes leading to the emergence of a social state were standardly included in the characterization of that state, then we have to construct "equivalence classes" to ignore some differences (in this case, between some antecedent processes) to be able to discuss cogently the "same state" being brought about by different decision mechanisms. |
 | | The contrast between the procedural and consequential approaches is, thus, somewhat overdrawn, and it may be possible to combine them, to a considerable extent, in an adequately rich characterization of states of affairs. |
| mgv.mim.edu.my /Articles/00027/9602131.Htm (10150 words) |
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