Abstract
The paper revisits a debate regarding Arrow's concept of social welfare that took place shortly after the publication of his book, Social Choice and Individual Values. It is argued that several points made by Little and Bergson in that debate nearly fifty years ago may still be helpful in understanding Arrow's contribution. The paper interprets the aspect of social welfare emphasized by Little and Bergson and the aspect emphasized by Arrow in terms of two distinct phases of decision-making in a liberal democracy.
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