A brief background of what I’ve been reading..
Social Choice
The social choice theory is a process or abstractive framework used to add up and measure individualistic curiosity, attraction, beliefs or satisfaction as a cumulative towards collective decision for the society. It is largely about whether voting mechanisms, or more abstract mechanisms, can improve upon the results of the market and social preferences and how they might be found. Moreover, it is also to understand the government’s decisions with regards to society’s preferences. Social choice theory infuses the elements of welfare economics, a branch of economics that focuses on the optimal allocation of resources and goods and how it affects social welfare, and voting theory.
http://www.investopedia.com/terms/w/welfare_economics.asp#axzz1dbGKjVKM
http://en.wikipedia.org/wiki/Social_choice_theory
http://home.uchicago.edu/~rmyerson/research/schch1.pdf
http://www.google.com/books?hl=en&lr=&id=7pZV5O5n_WwC&oi=fnd&pg=PR11&dq=concerns+of+social+choice+theory&ots=JlGq9ZJp6I&sig=LideM3tOFdCI7aJoUB65P07-EnE#v=onepage&q=concerns%20of%20social%20choice%20theory&f=false
That's all for now!
Carl
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