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Overview2012 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. Full Product DetailsAuthor: Professor Kenneth Joseph ArrowPublisher: Martino Fine Books Imprint: Martino Fine Books Dimensions: Width: 15.20cm , Height: 0.70cm , Length: 22.90cm Weight: 0.172kg ISBN: 9781614273455ISBN 10: 1614273456 Pages: 110 Publication Date: 05 September 2012 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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