Arrow and the Impossibility Theorem, by Amartya Sen
“The informational foundation of modern social choice theory relates to the basic democratic conviction that social judgments and public decisions must depend, in some transparent way, on individual preferences, broadly understood.” – Amartya Sen
This week we are excited to feature The Kenneth J. Arrow Lecture Series, edited by Joseph E. Stiglitz, and are giving away free copies of the first three books in the series (Creating a Learning Society: A New Approach to Growth, Development, and Social Progress, by Joseph Stiglitz and Bruce Greenwald; Speculation, Trading, and Bubbles, by José Scheinkman; and The Arrow Impossibility Theorem, by Eric Maskin and Amartya Sen) in our book giveaway! Today, we are focusing on The Arrow Impossibility Theorem, and in this post we are offering Amartya Sen’s essay from that book: “Arrow and the Impossibility Theorem.”
