The Arrow Impossibility Theorem (Kenneth J. Arrow Lecture Series)

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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.

Copyright:
2014

Book Details

Book Quality:
Publisher Quality
Book Size:
168 Pages
ISBN-13:
9780231526869
Related ISBNs:
9780231153287
Publisher:
Columbia University Press
Date of Addition:
Copyrighted By:
Columbia University Press
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance, Mathematics and Statistics, Philosophy, Politics and Government
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.
With:
Joseph E. Stiglitz
With:
Prasanta Pattanaik
With:
Partha Dasgupta
With:
Kenneth Arrow

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