Social choice and individual values / Kenneth J. Arrow ; foreword by Eric S. Maskin.

Format:

Book

Author/Creator:

Arrow, Kenneth Joseph, 1921-

Contributor:

Maskin, Eric S.

Series:

Monograph (Yale University. Cowles Foundation for Research in Economics) ; 12.

Cowles Foundation for Research in Economics at Yale University monograph ; 12

Language:

English

Subjects (All):

Social choice.

Liberty.

Social values.

Physical Description:

1 online resource (144 p.)

Edition:

3rd ed.

Place of Publication:

New Haven : Yale University Press, 2012.

Language Note:

English

Summary:

Originally published in 1951, Social Choice and Individual Values introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers. "Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem,' has changed the way we think."-Donald G. Saari, author of Decisions and Elections: Explaining the Unexpected

Contents:

Front matter

FOREWORD TO THE THIRD EDITION

PREFACE TO SECOND EDITION

ACKNOWLEDGMENTS

CONTENTS

I. INTRODUCTION

II. THE NATURE OF PREFERENCE AND CHOICE

III. THE SOCIAL WELFARE FUNCTION

IV. THE COMPENSATION PRINCIPLE

V. THE GENERAL POSSIBILITY THEOREM FOR SOCIAL WELFARE FUNCTIONS

VI. THE INDIVIDUALISTIC ASSUMPTIONS

VII. SIMILARITY AS THE BASIS OF SOCIAL WELFARE JUDGMENTS

VIII. NOTES ON THE THEORY OF SOCIAL CHOICE, 92 1963

INDEX

Notes:

Reprint. Originally published: John Wiley & Sons, Inc., 1963.

Includes bibliographical references and index.

ISBN:

9786613812919

9781282241794

1282241796

9780300186987

0300186983

OCLC:

806431307