Rational Choice, Collective Decisions, and Social Welfare
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Rational Choice, Collective Decisions, and Social Welfare by Kotaro Suzumura
Left freely to themselves, a group of rational individuals often fail to cooperate even when the product of social cooperation is beneficial to all. Hence, the author argues, a rule of collective decision making is clearly needed that specifies how social cooperation should be organised among contributing individuals. Suzumura gives a systematic presentation of the Arrovian impossibility theorems of social choice theory, so as to describe and enumerate the various factors that are responsible for the stability of the voluntary association of free and rational individuals. Among other topics covered are an axiomatic characterisation of the concept of a rational choice, the simple majority decision rule and its extensions, the social choice implications of the concept of equity as nonenvy, the constrained majoritarian collective choice rules and the conflict between the Paretian ethics and the libertarian claims of individual rights.
Kotaro Suzumura is Professor of Public Economics at the Institute of Economic Research, Hitotsubashi University since 1984. He is Director of the Competition Policy Research Center within Fair Trade Commission of Japan since 2003.
Born in 1944, Suzumura graduated from Hitotsubashi University in 1966 majoring in Economics. He received the Doctorial Degree in Economics from the same institution in 1980. He has taught at various institutions including Kyoto University (1973-82), London School of Economics (1974-76), Stanford University (1979-80), and University of Pennsylvania (1987). He was a Visiting Fellow at All Souls College, Oxford University (1988), a Fulbright Senior Research Fellow at Harvard University (1993), and a Visiting Fellow Commoner at Trinity College, Cambridge University (2001). He served as the editor of the Journal of the Japanese and International Economies in 1992-94, and also of the Japanese Economic Review in 1995-98. He was elected in 1990 to the Fellow of the Econometric Society. He was the President of the Japanese Economic Association (1999-2000) as well as of the Society for Social Choice and Welfare (2000-2001).
His major research areas are welfare economics, social choice theory, and theoretical industrial organization. He received the Nikkei Prize twice, once in 1984 for Rational Choice, Collective Decisions and Social Welfare, Cambridge University Press, 1983 and again in 1988 for Economic Analysis of Industrial Policy, Academic Press, 1988, which was jointly written with Motoshige Itoh, Kazuharu Kiyono, and Masahiro Okuno-Fujiwara. In 2004, he was conferred the Medal with Purple Ribbon for his contributions to theoretical economics. In 2006, he received the Japan Academy Award for his contributions to welfare economics and social choice theory. Since October 2006, Suzumura is the Vice President of the Science Council of Japan.
Born in 1944, Suzumura graduated from Hitotsubashi University in 1966 majoring in Economics. He received the Doctorial Degree in Economics from the same institution in 1980. He has taught at various institutions including Kyoto University (1973-82), London School of Economics (1974-76), Stanford University (1979-80), and University of Pennsylvania (1987). He was a Visiting Fellow at All Souls College, Oxford University (1988), a Fulbright Senior Research Fellow at Harvard University (1993), and a Visiting Fellow Commoner at Trinity College, Cambridge University (2001). He served as the editor of the Journal of the Japanese and International Economies in 1992-94, and also of the Japanese Economic Review in 1995-98. He was elected in 1990 to the Fellow of the Econometric Society. He was the President of the Japanese Economic Association (1999-2000) as well as of the Society for Social Choice and Welfare (2000-2001).
His major research areas are welfare economics, social choice theory, and theoretical industrial organization. He received the Nikkei Prize twice, once in 1984 for Rational Choice, Collective Decisions and Social Welfare, Cambridge University Press, 1983 and again in 1988 for Economic Analysis of Industrial Policy, Academic Press, 1988, which was jointly written with Motoshige Itoh, Kazuharu Kiyono, and Masahiro Okuno-Fujiwara. In 2004, he was conferred the Medal with Purple Ribbon for his contributions to theoretical economics. In 2006, he received the Japan Academy Award for his contributions to welfare economics and social choice theory. Since October 2006, Suzumura is the Vice President of the Science Council of Japan.
| SKU | Unavailable |
| ISBN 13 | 9780521122559 |
| ISBN 10 | 0521122554 |
| Title | Rational Choice, Collective Decisions, and Social Welfare |
| Author | Kotaro Suzumura |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Cambridge University Press |
| Year published | 2009-11-05 |
| Number of pages | 292 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |