Social Choice and Individual Values - Couverture souple

Arrow, Professor Kenneth Joseph

 
9781614273455: Social Choice and Individual Values

Synopsis

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.

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Autres éditions populaires du même titre

9780300179316: Social Choice and Individual Values

Edition présentée

ISBN 10 :  0300179316 ISBN 13 :  9780300179316
Editeur : Yale University Press, 2012
Couverture souple