Social Choice and Individual Values

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.

Author: Kenneth Joseph Arrow
Publisher: Martino Fine Books
Published: 09/01/2012
Pages: 110
Binding Type: Paperback
Weight: 0.38lbs
Size: 9.00h x 6.00w x 0.26d
ISBN13: 9781614273455
ISBN10: 1614273456
BISAC Categories:
- Political Science | Political Ideologies | Democracy
- Political Science | Political Process | Campaigns & Elections
- Political Science | History & Theory | General

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