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Handbook of Social Choice and Welfare
     

Handbook of Social Choice and Welfare

by Kenneth J. Arrow, A. Sen, Kotaro Suzumura
 

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This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define.  Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off

Overview

This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define.  Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off point for discussing ways to incentivize, punish, and distribute goods.

  • Develops many subjects from Volume 1 (2002) while introducing new themes in welfare economics and social choice theory
  • Features four sections: Foundations, Developments of the Basic Arrovian Schemes, Fairness and Rights, and Voting and Manipulation
  • Appeals to readers who seek introductions to writings on human well-being and collective decision-making
  • Presents a spectrum of material, from initial insights and basic functions to important variations on basic schemes

Editorial Reviews

From the Publisher
"This book, together with the forthcoming second volume, presents careful surveys of various aspects of social choice and welfare. Each chapter is written by a well-cast expert in the area. ...Suzumura also summarizes the main lines of ongoing and future research."
Journal of Economic Literature, 2004

Product Details

ISBN-13:
9780080929828
Publisher:
Elsevier Science
Publication date:
10/13/2010
Series:
Handbooks in Economics , #2
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
992
File size:
29 MB
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This product may take a few minutes to download.

Meet the Author

Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is the joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to have received this award, at 51. In economics, he is a figure in post-World War II neo-classical economic theory. Many of his former graduate students have gone on to win the Nobel Memorial Prize themselves. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information. He has been co-editor of the Handbooks in Economics series since the mid-1980s.

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