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Without time, no morality

Thomas Cool
Authors registered in the RePEc Author Service: Thomas Colignatus ()

General Economics and Teaching from EconWPA

Abstract: Theory shows that voting is subject to paradoxes, while it also appears that a voting result is as much caused by the used procedure as by the voters’ preferences. From a moral point of view, the choice of the procedure naturally is the major issue. A key insight is that morality presumes time. In a static world everything is given, and there is no place for individuals who have to ponder their moral choices. The real world is dynamic however, and the most challenging voting paradoxes concern budget changes. The paper develops a new "Borda Fixed Point" mechanism that provides a better protection to surprises by such budget changes. The analysis is put into context with a review of the proper meaning of Kenneth Arrow’s Impossibility Theorem and a review of Donald Saari’s argument on symmetry. (This version has a formal appendix.)

JEL-codes: A00 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-mic
Date: 2002-02-13, Revised 2002-02-17
Note: 9 pages html, 4 tables, no graphs
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpgt:0202003

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