> According to Haering and Douglas, the RAND Corporation, a privately > financed American think-tank, played a pivotal role. Using funds > provided by the Ford Foundation, RAND funded research projects of > subsequent Nobel laureates Kenneth Arrow and James Buchanan, who > persuasively questioned the legitimacy and efficiency of collective > decision-making.
Correct me if I'm wrong, but didn't Arrow argue that collective decision-making didn't work well even if done via markets? Buchanan is a different animal altogether. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
