First Bob explains his contest involving Adventures in Pacifism–winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking.
Mentioned in the Episode and Other Links of Interest:
- The blog post explaining the rules for the contest, Adventures in Pacifism: Louie CK Edition
- Bob’s link for those interested in joining Liberty Classroom. (If you use this link, the site will remember who sent you if you end up joining.)
- Bob’s mises.org’s article explaining Arrow’s Theorem in the context of the 2020 election
- The Bob Murphy Show ep. 7, explaining Godel’s Incompleteness Theorems
For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.
The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org