This paper examines the logical performance of new welfare economics from the viewpoint of social choice theory.We show that the logical completeness of its research program hinges squarely on the possibility that, for each Paretian Bergson-Samuelson social welfare ordering R, the social choice...

Ever since Sen crystallized the logical conflict between the welfaristic value of the Pareto principle and the nonwelfaristic value of individual libertarian rights into what he christened the impossibility of a Paretian liberal , there have been many attempts in social choice theory to...