Social Choice and Individual Values by Kenneth J. Arrow

Social Choice and Individual Values by Kenneth J. Arrow

Arrow proved that no voting system can convert individual preferences into a group ranking while satisfying a short list of entirely reasonable conditions. There is no perfect method, and there cannot be.

This slim book contains the proof and its implications for democracy, welfare economics and collective decision-making — the founding document of modern social choice theory.

Nobel Prize in Economics. With a foreword by Eric Maskin. Short, technical and genuinely foundational.

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✅ Premium Quality Books.

✅ High Printing quality.

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✅ Matt cover (Paperback)