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7 - Concluding remarks

Published online by Cambridge University Press:  02 December 2009

Wulf Gaertner
Affiliation:
Universität Osnabrück
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Summary

After the collapse of socially planned economies, the market is the predominant mechanism. But even in most of the market-oriented economies, many dimensions of resource allocation, as Heal (1997, p. 156) notes, ‘are within the domain of political decision-making, and are therefore determined by social choices’. Heal mentions defence, education, the health care sector and investments in infrastructure. These sectors, taken together, account for a large portion of GNP in most industrialized countries. So social choices and public decision-making are an integral part of modern industrial economies and their functionings.

This monograph has been about domain restrictions in social choice theory. Do such restrictions actually exist or are they nothing else but the outgrowth of the scientist's imagination or phantasy? This question may sound purely rhetorical after many pages full of logical analysis around the issue of whether conditions on individual preferences exist that guarantee the existence of a social welfare function or a social decision rule or a continuous aggregation function.

In the section on the likelihood of cyclical majorities we cited Sen (1970, p. 164) who remarked that ‘the equiprobability assumption (of individual orderings) is a very special one, and seems to involve a denial of society, in a significant sense’ (emphasis in the original). And he continued that owing to people's values and group interests there would be ‘a fair amount of link-up’ among individuals' preferences.

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Publisher: Cambridge University Press
Print publication year: 2001

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  • Concluding remarks
  • Wulf Gaertner, Universität Osnabrück
  • Book: Domain Conditions in Social Choice Theory
  • Online publication: 02 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492303.008
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  • Concluding remarks
  • Wulf Gaertner, Universität Osnabrück
  • Book: Domain Conditions in Social Choice Theory
  • Online publication: 02 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492303.008
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Concluding remarks
  • Wulf Gaertner, Universität Osnabrück
  • Book: Domain Conditions in Social Choice Theory
  • Online publication: 02 December 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492303.008
Available formats
×