Social Choice and Individual Values by Kenneth Joseph Arrow
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.| SKU | Unavailable |
| ISBN 13 | 9781614273455 |
| ISBN 10 | 1614273456 |
| Title | Social Choice and Individual Values |
| Author | Kenneth Joseph Arrow |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Martino Fine Books |
| Year published | 2012-09-01 |
| Number of pages | 110 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |