Social Choice and Legitimacy: The Possibilities of Impossibility (Political Economy of Institutions and Decisions)

<p>Governing requires choices, and hence trade-offs between conflicting goals or criteria. This book asserts that legitimate governance requires explanations for such trade-offs and then demonstrates that such explanations can always be found, though not for every possible choice. In so doing, John W. Patty and Elizabeth Maggie Penn use the tools of social choice theory to provide a new and discriminating theory of legitimacy. In contrast with both earlier critics and defenders of social choice theory, Patty and Penn argue that the classic impossibility theorems of Arrow, Gibbard, and Satterthwaite are inescapably relevant to, and indeed justify, democratic institutions. Specifically, these institutions exist to do more than simply make policy - through their procedures and proceedings, these institutions make sense of the trade-offs required when controversial policy decisions must be made.</p>

Business & Money

Patty, John W.

Penn, Elizabeth Maggie

Economics

Cambridge University Press

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Books by Penn, Elizabeth Maggie

See the best price to sell, buy, or rent books by Penn, Elizabeth Maggie. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Social Choice and Legitimacy: The Possibilities of Impossibility (Political Economy of Institutions and Decisions)

Social Choice and Legitimacy: The Possibilities of Impossibility (Political Economy of Institutions and Decisions)