Colignatus, Thomas (2011): Response to a review of voting theory for democracy, in the light of the economic crisis and the role of mathematicians.
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Economic theory needs a stronger defence against unwise application of mathematics. Mathematicians are trained for abstract thought and not for empirical science. Their contribution can wreak havoc, for example in education with real life pupils and students, in finance by neglecting real world risks that contribute to a world crisis, or in voting theory where they don’t understand democracy. In 1951 the mathematician Kenneth Arrow formulated his Impossibility Theorem in social welfare theory and since then mathematicians have been damaging democracy. My book Voting Theory for Democracy (VTFD) tries to save democracy and social welfare from such destruction. VTFD applies deontic logic to Arrow’s Theorem and shows that Arrow’s interpretation cannot hold. The editor of a journal in voting matters has VTFD reviewed by a mathematician instead of a researcher who is sensitive to economics, democracy and empirical issues. Guess what happens. The review neglects economics, democracy and empirical issues. Curiously it also neglects the argument in deontic logic, perhaps given the distinction between mathematics and logic. Given the importance of democracy it is advisable that economists study the situation and rethink how economics and mathematics interact in practice.
|Item Type:||MPRA Paper|
|Institution:||Thomas Cool Consultancy & Econometrics|
|Original Title:||Response to a review of voting theory for democracy, in the light of the economic crisis and the role of mathematicians|
|Keywords:||economic crisis; voting theory; democracy; economics and mathematics;|
|Subjects:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice ; Clubs ; Committees ; Associations
A - General Economics and Teaching > A1 - General Economics > A10 - General
P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy
|Depositing User:||Thomas Colignatus|
|Date Deposited:||09. Nov 2011 12:06|
|Last Modified:||07. Oct 2015 16:25|
Thomas Colignatus is the preferred name of Thomas Cool in science.
Colignatus (1990), “Why a social welfare (meta) function does exit: The Arrow Impossibility Theorem for Social Choice resolved, A better analysis suggested,” internal note Central Planning Bureau 90-III-37, The Hague
Colignatus (2009), “Elegance with Substance”, Dutch University Press, http://www.dataweb.nl/~cool/Papers/Math/Index.html and http://mpra.ub.uni-muenchen.de/15676
Colignatus (2011a), “Voting Theory for Democracy”, 3rd edition, T. Cool (Consultancy and Econometrics), http://www.dataweb.nl/~cool/Papers/VTFD/Index.html
Colignatus (2011b), “Definition & Reality in the General Theory of Political Economy”, 3rd edition, T. Cool (Consultancy and Econometrics), http://www.dataweb.nl/~cool/Papers/Drgtpe/Index.html
Schulze, M. (2011), “Review “Voting Theory for Democracy””, Voting Matters, Issue 29, October 2011, http://www.votingmatters.org.uk/ISSUE29/INDEX.HTM and http://www.votingmatters.org.uk/ISSUE29/I29P5.pdf