IDEAS home Printed from https://ideas.repec.org/a/taf/eujhet/v31y2024i6p976-997.html
   My bibliography  Save this article

Revisiting the role of value judgments in Arrow’s impossibility theorem

Author

Listed:
  • Nestor Lovera Nieto

Abstract

This paper analyses the role of value judgments in interpreting Arrow’s impossibility theorem. It begins by outlining the analytical method that leads to the impossibility result, then examines Arrow’s theorem through Mongin’s (1999, 2002, 2006b) perspective. Three reasons are presented showing how Mongin’s work illuminates Arrow’s stance on value judgments. This approach helps assess the significance of Arrow’s value judgments, both in evaluating each theorem condition and in considering the relaxation of certain conditions—particularly Unrestricted Domain (U) and Independence of Irrelevant Alternatives (IIA)—to address the impossibility result.

Suggested Citation

  • Nestor Lovera Nieto, 2024. "Revisiting the role of value judgments in Arrow’s impossibility theorem," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 31(6), pages 976-997, November.
    • Handle: RePEc:taf:eujhet:v:31:y:2024:i:6:p:976-997
    DOI: 10.1080/09672567.2024.2433964
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09672567.2024.2433964
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09672567.2024.2433964?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eujhet:v:31:y:2024:i:6:p:976-997. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REJH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.