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Kenneth Arrow (1921-2017) was a Nobel Prize winner and the Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus at Stanford University. This collection consists of his correspondence, research, writings, and other materials documenting his political and personal interests, as well as his collaborations and professional affiliations across the fields of economics,...
By KENNETH J. ARROW* I. Introduction: Scope and Method This paper is an exploratory and tentative study of the specific differentia of medical care as the object of normative economics. It is contended here, on the basis of comparison of obvious characteris- tics of the medical-care industry with the norms of welfare economics,
3. März 2015 · An Economic Theory of Democracy was Downs’s doctoral dissertation, and Kenneth Arrow was his supervisor. Downs entertained the idea that the competition for votes between political parties would achieve a kind of invisible hand solution to the collective action problem, thereby solving Arrow’s paradox (Downs 1957, pp. 17–19). Under the ...
28. Okt. 2020 · the empirical evidence of the past few decades has worked against Schumpeter and in favor of Kenneth Arrow, who contends that in favoring monopolies Schumpeter underestimated the incentives for innovation that competition can offer. Monopolists tend to want to keep their monopolies by resorting to any measures that can keep new entrants out ...
30. Juni 2023 · Arrow's impossibility theorem is a social-choice paradox illustrating the impossibility of having an ideal voting structure that is reflective of specific fairness criteria, such as Pareto ...
21. Feb. 2017 · Kenneth J. Arrow nació en Nueva York, el 23 de agosto de 1921, en el seno de una humilde familia judía de origen rumano que se arruinó con la Gran Depresión. Cursó estudios secundarios en la Townsend Harris High School. En 1940 se licenció en la Universidad de Nueva York en Ciencias Sociales. Sin embargo, complementó su formación con estudios de matemáticas, disciplina en la que ...
21. Feb. 2017 · Nobel Prize-winning economist Kenneth Arrow was a leading figure in the field of economic theory. He inspired generations of students through his decades-long teaching at Stanford.