{"product_id":"the-arrow-impossibility-theorem-9780231153287","title":"The Arrow Impossibility Theorem","description":"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. \u003cp\u003e\u003c\/p\u003eIn 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Columbia University Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/22\/2014\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780231153287\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 152\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.75lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.30h x 5.70w x 0.70d\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eReview Citations: \u003c\/strong\u003e\u003ci\u003eChoice\u003c\/i\u003e 02\/01\/2015 pg. 1029\u003cbr\u003e","brand":"Eric Maskin, Amartya Sen","offers":[{"title":"Default Title","offer_id":36635289518236,"sku":"9780231153287","price":21.21,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_779fb4a5-ad63-4517-854d-0fbe151eba0f.jpg?v=1603839121","url":"https:\/\/pastforward.org\/products\/the-arrow-impossibility-theorem-9780231153287","provider":"Past Forward","version":"1.0","type":"link"}