Quickie: Arrow's Impossibility Theorem

Arrow's Impossibility Theorem is based on the impossibility of satisfying individual preferences with social policies. There can NEVER be ANY political system, no matter how democratic, that accurately reflects the will of the public.

Arrow, Kenneth J., "A Difficulty in the Concept of Social Welfare," Journal of Political Economy 58(4):328-346, August 1950. https://www.jstor.org/stable/1828886?seq=1

Quickie: The Well-Ordered Principle https://www.youtube.com/watch?v=5lBKGwbscpI
Quickie: Well-Ordered 2: Monopolies https://www.youtube.com/watch?v=3eFrCOTaZNo

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