I found Philip Mirowski's "Machine Dreams" to be one of the better books on this subject.
Jayson On Wed, Feb 27, 2013 at 12:52 PM, michael perelman < [email protected]> wrote: > Arrow's impossibility theorem was intended to show how the Soviets > had an advantage over the "democracies" because of their "collective" > decision-making. > > On Tue, Feb 26, 2013 at 5:17 PM, Jim Devine <[email protected]> wrote: > >> 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 > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA > 95929 > > 530 898 5321 > fax 530 898 5901 > http://michaelperelman.wordpress.com > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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