The limits of organization (The Fels lectures on public policy analysis)

Arrow, Kenneth Joseph

Norton

Essays in the theory of risk-bearing

North-Holland Pub. Co.

Petroleum price regulation: Should we decontrol? (Studies in energy policy)

American Enterprise Institute for Public Policy Research

<p>2012 Reprint of 1951 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Kenneth Arrow's monograph "Social Choice and Individual Values" and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor. The work culminated in what Arrow called the "General Possibility Theorem," better known thereafter as Arrow's (impossibility) theorem. The theorem states that, absent restrictions on either individual preferences or neutrality of the constitution to feasible alternatives, there exists no social choice rule that satisfies a set of plausible requirements. The result generalizes the voting paradox, which shows that majority voting may fail to yield a stable outcome.</p>

Social Choice and Individual Values

Politics & Social Sciences

Politics & Government

Martino Fine Books

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Books by Arrow, Kenneth Joseph