George Mason University SCHOOL of LAW GÖDEL, KAPLOW, SHAVELL: CONSISTENCY AND COMPLETENESS IN SOCIAL DECISIONMAKING Giuseppe Dari Mattiacci 03-55 LAW AND ECONOMICS WORKING PAPER SERIES This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract_id= 470122 GÖDEL, KAPLOW, SHAVELL: CONSISTENCY AND COMPLETENESS IN SOCIAL DECISIONMAKING Giuseppe Dari Mattiacci* Ghent University, School of Law, Universiteitstraat 4, 9000 Gent, Belgium George Mason University, School of Law, 3301 North Fairfax Drive, Arlington, Virginia 22201, USA We hear within ourselves the constant cry: There is the Lo, this only have I found, problem, seek the solution. You can find it through pure that God hath made man upright; thought. but they have sought out many inventions David Hilbert, The Problems of Mathematics Ecclesiastes 7, 29 Abstract The recent debate on what criteria ought to guide social decisionmaking has focused on consistency: it has been argued that criteria contradicting one another – namely, welfare and fairness – should not be simultaneously employed in order for policy assessment to be consistent. In this article, I raise the related problem of completeness – that is, the question of whether or not a set of consistent criteria is capable of providing answers to all social decision problems. If not, as I suggest might be the case, then the only way to decide otherwise undecidable issues is to simultaneously employ both welfare and fairness, which implies a certain degree of inconsistency within the system. JEL classification: A12, A13, K00. Keywords: completeness, consistency, efficiency, fairness, values. * Email:
[email protected]; SSRN author page: http://ssrn.com/author=333631.