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October 05, 2005


The Prudent Investor

I had picked up a story by Reuters, saying that a Vast Majority Index would be a more accurate method of measuring a nation's wealth.


New School University's Anwar Shaikh's "vast majority" index, GPI, etc. all discussed in a Reuters' story here:

Anwar Shaikh's home page, with links to complex adaptive systems and more.

John Lawrence

Not everyone agrees that social choice is impossible. Please see my website Social Choice and Beyond for proofs that social choice is possible. Also a society based on individual preferences I call "Preferensism." See my blog Will Blog for Food.

This would be a society in which the political and economic systems merged, and the social choice(s) would be individualized as much as possible. This would be the economic sphere. To the extent that social choices could not be individualized, they would be part of the political sphere with one choice that applied to the whole society being the extreme politically, and individualized choices for each individual being the extreme economically. Many social choices would fall between these 2 extremes.

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