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The Arrow Impossibility Theorem

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For thinkers curious about democracy’s elegant paradox

This is a rewarding read if you like ideas that genuinely change how you see the world. It takes Arrow’s famous theorem and makes its surprising consequences feel alive, showing why fair voting is far harder than it first seems. Readers who enjoy economics, politics, or philosophy often find it both intellectually humbling and strangely thrilling, especially because it pairs rigorous reasoning with big real-world questions.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Just Arrived

The Arrow Impossibility Theorem

Regular price RM44.00 MYR
Unit price
per
Compare to estimated retail price: RM300.00 MYR  
Condition guide

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ISBN: 9780231153287
Date of Publication: 2014-07-22
Format: Hardcover
Related Collections: Economics, Philosophy, Politics
Goodreads rating: 3.5
(rated by 60 readers)

Description

Kenneth J. Arrow's path-breaking "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 of irrelevant alternatives. In this book, Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, examining 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.
 

For thinkers curious about democracy’s elegant paradox

This is a rewarding read if you like ideas that genuinely change how you see the world. It takes Arrow’s famous theorem and makes its surprising consequences feel alive, showing why fair voting is far harder than it first seems. Readers who enjoy economics, politics, or philosophy often find it both intellectually humbling and strangely thrilling, especially because it pairs rigorous reasoning with big real-world questions.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.