The Arrow Impossibility Theorem

Erscheinungsjahr 2014
ISBN: 978-0-231-15328-7
Verlag: Columbia University Press

Buch, Englisch, 168 Seiten, Format (B × H): 146 mm x 216 mm, Gewicht: 331 g

Reihe: Kenneth J. Arrow Lecture Series

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.

Autoren/Hrsg.

Maskin, Eric

Sen, Amartya

Weitere Mitwirkende

Arrow, Kenneth

Dasgupta, Partha

Pattanaik, Prasanta

Stiglitz, Joseph E.

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Theorie, Politische Philosophie
• Sozialwissenschaften Politikwissenschaft Politische Systeme Wahlen und Volksabstimmungen
• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Entscheidungstheorie, Sozialwahltheorie
• Wirtschaftswissenschaften Volkswirtschaftslehre Wohlfahrtsökonomie

Inhaltsverzeichnis

AcknowledgmentsIntroduction, by Prasanta K. PattanaikPart 1: The Lectures Opening Remarks, by Joseph E. StiglitzArrow and the Impossibility Theorem, by Amartya SenThe Arrow Impossibility Theorem: Where Do We Go From Here?, by Eric MaskinCommentary, by Kenneth J. ArrowPart II: Supplemental Materials The Informational Basis of Social Choice, by Amartya SenOn The Robustness of Majority Rule, by Partha Dasgupta and Eric MaskinThe Origins of the Impossibility Theorem, by Kenneth J. ArrowNotes on Contributors

Leseproben

Read Amartya Sen's essay "Arrow and the Impossibility Theorem":

Über Autor(innen)

Dasgupta, Partha
Professor Dasgupta is the Frank Ramsey Professor of Economics at the University of Cambridge. He is also the Andrew D. White Professor-at-Large at Cornell University and is currently President of the European Association of Environmental and Resource Economists. His books include Economics: A Very Short Introduction (OUP, 2017), Human Well-Being and the Natural Environment (OUP, 2004) and An Inquiry into Well-Being and Destitution(OUP, 1993).

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.