The Arrow Impossibility Theorem by Eric Maskin and Amartya Sen

The Arrow Impossibility Theorem by Eric Maskin and Amartya Sen

This volume examines Kenneth Arrow's landmark impossibility theorem, which mathematically proves that no voting system can perfectly aggregate individual preferences into a collective decision while satisfying a small set of seemingly reasonable fairness conditions simultaneously.

Nobel laureates Maskin and Sen, along with other contributors, explore the theorem's profound implications for democratic theory and social choice, addressing what the mathematical limits of collective decision-making mean for how democratic institutions should actually be designed.

A rigorous examination of one of the most important theorems in social choice theory.

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