Serial Bus

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Posts Tagged ‘Stone Age

Welcome to the Stone Age!

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According to the famous Arrow’s Impossibility Theorem that I studied as an economics undergraduate, for all ranked preference orders, no voting system can simultaneously comply with the criteria of unrestricted domain, non-imposition, non-dictatorship, Pareto-efficiency and independence of irrelevant alternatives. In simplistic terms, no voting method can ever be fair. Another famous voting paradox, this time by Condorcet, reveals that a minority can be an agenda-setter by casting the deciding vote if two groups of majority are tied. These theories perhaps best explain how¬† a small regional party like Samajwadi Party (Socialist Party) can hold the development of India to ransom in the context of the forthcoming General Elections. SP’s recently-released manifesto promises, amongst other equally ridiculous things, to fight against computers and English medium education in India. Welcome to the Stone Age!

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Written by serialbus

April 12, 2009 at 1:50 pm