Social Choice and Individual Values

✍ Scribed by Kenneth J. Arrow; Eric S. Maskin

• Publisher: Yale University Press
• Year: 2012
• Tongue: English
• Leaves: 143
• Edition: 3
• Category: Library

✦ Synopsis

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 students and researchers.

"Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, ‘Arrow’s Theorem,’ has changed the way we think.”—Donald G. Saari, author of Decisions and Elections: Explaining the Unexpected

✦ Table of Contents

FOREWORD TO THE THIRD EDITION
PREFACE TO SECOND EDITION
ACKNOWLEDGMENTS
CONTENTS
I. INTRODUCTION
II. THE NATURE OF PREFERENCE AND CHOICE
III. THE SOCIAL WELFARE FUNCTION
IV. THE COMPENSATION PRINCIPLE
V. THE GENERAL POSSIBILITY THEOREM FOR SOCIAL WELFARE FUNCTIONS
VI. THE INDIVIDUALISTIC ASSUMPTIONS
VII. SIMILARITY AS THE BASIS OF SOCIAL WELFARE JUDGMENTS
VIII. NOTES ON THE THEORY OF SOCIAL CHOICE, 92 1963
INDEX