The Arrow Impossibility Theorem - Couverture rigide

Maskin, Eric; Sen FBA, Amartya

Couverture rigide

ISBN 10 : 0231153287 ISBN 13 : 9780231153287

Editeur : Columbia University Press, 2014

Synopsis

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence.

In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal--given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.

A propos du livre

À propos des auteurs

Professor Dasgupta is the Frank Ramsey Professor of Economics at the University of Cambridge. He is also the Andrew D. White Professor-at-Large at Cornell University and is currently President of the European Association of Environmental and Resource Economists. His books include Economics: A Very Short Introduction (OUP, 2017), Human Well-Being and the Natural Environment (OUP, 2004) and An Inquiry into Well-Being and Destitution(OUP, 1993).

Joseph E. Stiglitz is University Professor at Columbia University and a member and former chair of Columbia University's Committee on Global Thought. He was the winner of the 2001 Nobel Prize for Economics. He served on President Clinton's Council of Economic Advisors, and then joined the World Bank as chief economist and senior vice president. His most recent book is The Price of Inequality: How Today's Divided Society Endangers Our Future.

Détails de l'édition

• Éditeur: Columbia University Press
• Date d'édition: 2014
• Langue: anglais
• ISBN 10: 0231153287
• ISBN 13: 9780231153287
• Reliure: Relié
• Nombre de pages: 168
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible