Cowles Foundation for Research in Economics at Yale University

Kenneth Joseph Arrow

Yale College (New Haven, Connecticut). - Department of Economics. - Cowles Foundation for Research in Economics

The literature on the theory of social choice has grown considerably beyond the few items in existence at the time the first edition of this book appeared in 1951. Some of the new literature has dealt with the technical, mathematical aspects, more with the interpretive. My own thinking has also evolved somewhat, although I remain far from satisfied with present formulations. The exhaustion of the first edition provides a convenient time for a selective and personal stocktaking in the form of an appended commentary entitled, 'Notes on the Theory of Social Choice, 1963, ' containing reflections on the text and its omissions and on some of the more recent literature. This form has seemed more appropriate than a revision of the original text, which has to some extent acquired a life of its own.

Social Choice and Individual Values

Monograph of lectures on the economics of resource allocation processes - examines the ethics and rationality of decision making, the role of pricing, and analyses alternative methods of achieving efficiency, etc., In government, in business organization and in various institutional frameworks. References.

The Limits of Organization

Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in the journals. The publication of his collected papers will therefore be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing how he came to write them. The study of production is central to economic theory, and capital and its accumulation are two of the most interesting aspects of the modern production process. Capital may take the form of inventories of inputs, inventories of outputs, or machines and other fixed goods. The essential and unique aspect of all types of capital is that it must be accumulated as the result of prior stages of the production process. This gives the dynamic theory of production a recursive structure that can be exploited by economic analysis. The optimization of production under recursive conditions lends itself to general mathematical methods of dynamic programming and optimal control theory. This is the main theme of the essays included in this fifth volume of Kenneth Arrow's Collected Papers.

Production and Capital

Seppo Honkapohja

Frontiers of Economics

The publication of Arrow's collected papers will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing his process.

General Equilibrium

Arrow takes up the basic question of whether collective choices can reflect individual preferences. The seminal 1950 paper that opens the volume shows that given reasonable conditions that social choices must satisfy to reflect individual preferences, it is impossible to make a choice among alternatives without violating some of the conditions.

Collected Papers of Kenneth J. Arrow: Social choice and justice

The Theory of Discrimination

Ross M. Starr

Walter P. Heller

David A. Starrett

The first of three volumes of essays in honour of the distinguished economic theorist Professor Kenneth J. Arrow.

Essays in Honor of Kenneth J. Arrow: Volume 1, Social Choice and Public Decision Making

Leonard Solomon Silk

The articles (except 3) were originally published on the Op-Ed page of the New York times. Includes bibliographical references. Silk, L. Capitalism: the moving target.--Terkel, S. Here am I, a worker.--Sorrentino, G. Empty, empty promises, promises.--Carvel, T. Land of opportunity? Damned right.--Kuh, E. Who gets what and why.--Glyn, A. The wage-push crisis of capitalism.--Rockefeller, D. The essential quest for the middle way.--Leontief, W. Sails and rudders, ship of state.--Arrow, K.J. Capitalism, for better or worse.--Samuelson, P.A. Taking stock of war--Sweezy, P.M. Capitalism, for worse.--Kolko, G.A war from time to time.--Galbraith, J.K. Power and the useful economist.

Capitalism: the Moving Target

Quasi-concave Programming

A collection of essays on the theory of information as an economic commodity includes discussions of statistical methods, property rights, and economic planning

Kenneth Joseph Arrow

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