Social Choice and Individual Values.
"Arrow’s ‘impossibility theorem’ appeared to have such startling consequences for both political philosophy and welfare economics that literally hundreds of papers have been written to refute it."
Social Choice and Individual Values.
ARROW, Kenneth J.
Item Number: 1317
New York: Wiley, 1951.
First edition of the economist’s ground breaking work. Octavo, original blue cloth with titles and frontispiece in gilt. Fine in a near fine price-clipped dust jacket. Inscribed by the author, “with best wishes”. Uncommon in this condition as the dust jacket usually shows heavy wear.
The Nobel Prize-winning economist's first book was his doctoral dissertation at Columbia. "Arrow’s ‘impossibility theorem’ appeared to have such startling consequences for both political philosophy and welfare economics that literally hundreds of papers have been written to refute it. But Arrow’s theorem has withstood all technical criticisms and has never been decisively challenged on its own grounds" (Great Economists Since Keynes, 6).
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