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This book shares more recent findings which show that, using ratings or "judgement" instead of rankings or "choice", there are ways around the worst problems of Arrow's theorem. (And, judging by his review above, Kenneth Arrow himself agrees.) In particular, the eponymous voting method proposed here would be both fairer and more strategy-resistant than any system widely used today. It is also at least as simple, fair, and strategy-resistant as any alternative proposal, and better in at least one of those regards.
Better voting systems would mean healthier democracy. For instance, it's hard to imagine that a true democracy - without officials who simultaneously beholden to contributers and insulated from voters by the two-party trap - would have allowed those responsible for the current financial crisis to have profited from it instead of facing criminal charges.
This is an important issue and a groundbreaking book.Majority Judgment: Measuring, Ranking, and Electing Overview"This is an important book destined to provoke considerable controversy.Inspired by a deep understanding of practice -- ranking students, skaters, wines --it goes beyond impossibility theorems to constructively challenge the dominantapproach to the design of voting procedures with a new theory, supported byextensive experimental evidence." Martin Shubik , Seymour KnoxProfessor Emeritus of Mathematical Institutional Economics, YaleUniversity
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