Jac Depczyk : images

Impossibility Arrow
Democracy is but an optical illusion - as mathematically demonstrated by Kenneth Arrow in 1951, it is impossible to accurately translate the "will of the people" into a single candidate choice.
Simon Cox considers the departed great man's legacy in his Free Exchange article. reference: Arrow's Impossibility Theorem
Link: www.economist.com/news/finance-and-economics/21717844-world-has-lost-one-its-great-economists-impossible-mind-late-kenneth