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

Maskin, Eric; Sen, Amartya

Hardcover

ISBN 10: 0231153287 ISBN 13: 9780231153287

Verlag: Columbia University Press, 2014

Inhaltsangabe

Kenneth Arrow's pathbreaking impossibility theorem was a watershed 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, Amartya Sen and Eric Maskin explore the implications of Arrows theorem. Sen considers its ongoing utility, exploring the theorems value and limitations in relation to recent research on social reasoning, while Maskin discusses how to design a voting rule that gets us closer to the ideal - given that achieving the ideal is impossible. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth Arrow himself, as well as essays by Sen and Maskin outlining the mathematical proof and framework behind their assertions.

Über diesen Titel

Über die Autorin bzw. den Autor

Eric Maskin is the Adams University Professor at Harvard University. He received the 2007 Nobel Memorial Prize in Economics (with L. Hurwicz and R. Myerson) for laying the foundations of mechanism design theory. He has also contributed to game theory, contract theory, social choice theory, political economy, and other areas of economics.

Amartya Sen is the Thomas W. Lamont University Professor and Professor of Economics and Philosophy at Harvard University. In 1998 he was awarded the Nobel Memorial Prize in Economic Sciences, and in 1999 he was awarded the Bharat Ratna, India's highest civilian award. He is also a senior fellow at the Harvard Society of Fellows; distinguished fellow of All Souls College, Oxford; and a Fellow of Trinity College, Cambridge. His books have been translated into more than thirty languages.

Details zur Ausgabe

• Verlag: Columbia University Press
• Erscheinungsdatum: 2014
• Sprache: Englisch
• ISBN 10: 0231153287
• ISBN 13: 9780231153287
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 160
• Kontakt zum Hersteller: Columbia University Press; https://cup.columbia.edu/; ; OFFICE OF THE GENERAL COUNSEL 412 LOW MEMORIAL LIBRARY 535 W. 116THSTR; NEW YORK; NY; 10027; USA
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