Resultado de búsqueda
In a capitalist democracy there are essentially two methods by which social choices can be made: voting, typically used to make “political” decisions, and the market mechanism, typically used to make “economic” decisions.
26 de jun. de 2012 · 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 ...
Kenneth Arrow's monograph Social Choice and Individual Values (1951, 2nd ed., 1963, 3rd ed., 2012) and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor.
The author discusses the implications of Arrow's theorem, which states that no satisfactory social welfare function is possible without interpersonal comparisons of utility. He argues that Arrow's theorem does not apply to Bergson's welfare economics, which assumes that tastes are given and that different economic states are ordered by a social function.
26 de jun. de 2012 · 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...
1 de ene. de 2012 · 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.
Introduction [1] 2. The Nature of Preference and Choice [9] 3. The Social Welfare Function [22] 4. The Compensation Principle [34] 5. The General Possibility Theorem for Social Welfare Functions [46]
