According to Kenneth Arrow it is impossible to improve the plight of any person without negatively impacting?
Q. the prosperity of another. If the current Health care system works for over 85% of Americans why are we trying to change the system? How much will the change negatively affect the majority of people that the system works for? Kenneth Arrow is an economist who won the Noble Prize for the Impossibility Theory. In a nutshell it states that it is impossible to improve one persons "lot" without negatively impacting another person.
Asked by The Random Idiot - Sat Oct 10 22:07:12 2009 - - 3 Answers - 1 Comments

A. No that is totally stupid and it contradicts the whole purpose of an economy. The whole point of prosperity is, each transaction benefits BOTH of the parties involved. Otherwise, why would they conduct the transaction??? That's why more economic activity benefits more people. If it was all winners and losers. then the more activity the more some would win at the expense of others who lose. Why would you willingly barter with someone if you feel like you're getting less in return for what you gave? Wouldn't you just refuse to barter until you find someone who has more to offer? That statement reveals a fundamental ignorance of the whole premise of a free market.
Answered by Cheer Up - Sat Oct 10 22:11:24 2009

Anyone here know who the following economists are?
Q. Kenneth Arrow, Gerald Debreu, Alfred Marshall? Can someone tell me their accomplishments? They all have one thing in common - 10 easy points... PS: Anyone know if John Maynard Keynes supported Socialism and higher taxes during recessions? It might upset some trickle up believers...
Asked by Alberto Rodriguez - Tue Nov 3 21:55:07 2009 - - 2 Answers - 0 Comments

A. Arrow and Debeu both won the Nobel prize. I know a little about Ken Arrow from his work in healthcare. I actually bought one of his books/papers a few months ago that I haven't read yet. It s his work on the, "Impossibility Theorem." Marshall was the first, I think, to formalize the concept of supply and demand graphically. It seems like he called the scissors or something. The Wiki entry says that Arrow and Debreu worked on a paper together proving general equilibrium mathematically. If I had to narrow it down to one thing I'd say they all 3 adhered to the Neo-classical school of economics. As far as Keynesian economics goes, his main concern is that recessions are caused by downward shifts in aggregate demand, due to animal spirits.… [cont.]
Answered by CalQlated_R3sp0nse - Wed Nov 4 05:12:15 2009

Can someone tell me who said this quote?
Q. Philosophy mid-term tomorrow and i can't find in my notes who said this quote: We have a system of checks and balances to separate the legislative function of imposing taxes and enacting expenditures from the executive function of collecting taxes and administrating expenditure programs and from the judicial function of mediating disputes and interpreting the law. i'm pretty sure it's one of these guys: Jeremy Bentham, John Stuart Mill, Immanual Kant, W.D. Ross, Milton Friedman, Kenneth Arrow, Adam Smith, Robert Nozick, John Rawls help please?
Asked by countryangel57 - Mon May 11 23:49:54 2009 - - 2 Answers - 0 Comments

A. Milton Friedman
Answered by Kathleenieee - Mon May 11 23:58:38 2009

William Street - Kenneth Slessor?
Q. The red globe of light, the liquor green, the pulsing arrows and the running fire spilt on the stones, go deeper than a stream; You find this ugly, I find it lovely. Ghosts' trousers, like the dangle of hung men, in pawn-shop windows, bumping knee by knee, but none inside to suffer or condemn; You find this ugly, I find it lovely. Smells rich and rasping, smoke and fat and fish and puffs of paraffin that crimp the nose, of grease that blesses onions with a hiss; You find it ugly, I find it lovely. The dips and molls, with flip and shiny gaze (death at their elbows, hunger at their heels) Ranging the pavements of their pasturage; You Find this ugly, I find it lovely. I need to find 5 poetic techniques in this poem. They… [cont.]
Asked by Jake - Sun Nov 1 18:02:56 2009 - - 1 Answers - 0 Comments

A. homework?
Answered by A.J. - Wed Nov 4 23:02:41 2009

Gota love those JEWS...check it out!!?
Q. Comparison of Arab and Jewish Nobel Prize Winners Arab/Islamic Nobel Prize Winners From a pool of 1.4 billion muslims which are 20% of the world's population (2 out of every 10 people) Literature 1988 - Najib Mahfooz Peace 1978 - Anwar El-Sadat 1994 - Yasser Arafat * 2003 - Shirin Ebadi Chemistry 1999 - Ahmed Zewail Physics Abdus Salam * NOTE: Norwegian, Kaare Kristiansen, was a member of the Nobel Committee. He resigned in 1994 to protest the awarding of a Nobel "Peace Prize" to Yasser Arafat, whom he correctly labeled a "terrorist." Jewish Nobel Prize Winners From a pool of 12 million Jews which are 0.2% of the World's Population (2 out of every 1,000 people) Literature 1910 - Paul Heyse 1927 - Henri Bergson 1958… [cont.]
Asked by Bob - Sun Jul 19 17:57:35 2009 - - 2 Answers - 0 Comments

A. first, i agree with rachel. is there a question here? or, are you just raging? second, why was this posted in the 'weather' category? third, the nobel prize(s) are awarded by a christian (as in evolved from a judeo-christian origin) committee of people from a christian nation. altho they do / are willing to award to anyone in the world, regardless of race, color, creed, political affiliation, etc. there is a natural inclination to overlook anyone from the islamic - and to a certain extent, sikh, buddhist, shinto, taoist, etc. - religions. it's probably not a concious or acknowledged bias, but it probably exists. (threat of terrorist activity has become a very real and significant factor in modern times!) so, altho there may have… [cont.]
Answered by pandyman - Sun Jul 19 19:19:32 2009

What are your thoughts on this?
Q. Jews and muslims and the Muslims want to wipe the Jews off the face of the earth -- wow, what a difference that would make... differences between jews and muslims..I thought you would be interested in reading this...(What a contrast!) How could the picture be 'painted' any more vividly? The Global Islamic population is approximately 1,200,000,000 one billion two hundred million or 20% of the world's population. They have received the following Nobel Prizes: Literature: 1988 - Najib Mahfooz Peace: 1978 - Mohamed Anwar El-Sadat 1990 - Elias James Corey 1994 - Yaser Arafat: 1999 - Ahmed Zewai Economics: (zero) Physics: (zero) Medicine: 1960 - Peter Brian Medawar 1998 - Ferid Mourad TOTAL: 7 SEVEN >>><<<… [cont.]
Asked by DONALD T - Mon Jun 7 19:32:42 2010 - - 5 Answers - 0 Comments

A. Thank you. Very interesting.
Answered by chloe - Mon Jun 7 19:38:04 2010