Social Choice and Institutionalism

Carlos Obregón Díaz

MPRA Paper from University Library of Munich, Germany

Abstract: The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the solutions required for today’s global problems necessarily require strengthening the international institutions. In part one of the book, it is shown that socio-economic choices can never be only the consequence of aggregating individuals’ preferences + values and that institutions play a decisive role. Part two of the book extends the results of part one to socio-political choices, and it is shown that they also include the critical role of institutions. It is shown that the design of the international institutional arrangement will be critical for the solutions for global poverty, underdevelopment, financial stability, global health issues, global climate, international crime, and global peace.

Keywords: social choice; theory; individual preferences; values; institutions; global problems; socio-economic; political choices; poverty; underdevelopment; financial stability; global health; global climate; international crime; global peace (search for similar items in EconPapers)
JEL-codes: F0 F00 F01 F02 F2 F20 F22 F3 F30 F31 F33 F36 F37 F50 F51 F53 G0 G00 G01 G02 G1 G10 G15 G19 G20 H00 H30 I00 I10 I11 I12 I13 I15 M00 (search for similar items in EconPapers)
Date: 2023-03-27
New Economics Papers: this item is included in nep-env, nep-hme and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/122458/1/MPRA_paper_122458.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122458

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().