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26. Juni 2012 · 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 ...
- Kenneth Joseph Arrow
- June 26, 2012
- 1951
Social Choice and Individual Values. Kenneth Arrow 's monograph Social Choice and Individual Values (1951, 2nd ed., 1963, 3rd ed., 2012) and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor.
- Kenneth Joseph Arrow
- 1951
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.
Seine Promotion „Social Choice and Individual Values“ gilt als grundlegende Arbeit der Forschung zu kollektiven Entscheidungen. Bei kollektiven Entscheidungen sind mehrere Individuen an einer gemeinsamen Entscheidungsfindung beteiligt.
- Volker Kunz
- 2007
The author discusses the implications of Arrow's theorem, which states that no satisfactory social welfare function is possible without interpersonal comparisons of utility. He argues that Arrow's theorem does not apply to Bergson's welfare economics, which assumes that tastes are given and that different economic states are ordered by a social function.
enabling to reduce the usually heterogeneous value judgments of the members of a society to a common denominator. The social welfare function should show us how to aggregate individual Value judgments into a collective welfare judgment, which may form the basis for the choices made by a society.
Kenneth Arrow’s Social Choice and Individual Values (1951, 1963), one of the five “founding books” of the Public Choice movement, is a seminal work in social science. It reformulates the theory of …
