"Arrow’s general impossibility theorem does not disprove the existence of the Bergsonian social welfare function, neither does it disprove the existence of the Benthamite hedonistic function."
— Paul Samuelson

January 1, 1970

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Academics from the United StatesJews from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from Gary
Original Language: English

Sources

Kotaro Suzumura, An interview with Paul Samuelson: welfare economics,“old” and “new”, and social choice theory (2005)