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As an additional resource, I recommend reading Amartya Sen, one of the foremost economists in the world. His Nobel Prize website: http://nobelprize.org/nobel_prizes/economics/laureates/1998/sen-autobio.html "Sen's papers in the late 1960s and early 1970s helped develop the theory of social choice, which first came to prominence in the work by the American economist Kenneth Arrow, who, while working at the RAND Corporation, famously proved that all voting rules, be they majority rule or two thirds-majority or status quo, must inevitably conflict with some basic democratic norm. Sen's contribution to the literature was to show under what conditions Arrow's Impossibility Theorem would indeed c... |
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