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Arrow, Kenneth Joseph (1921) Reference library
The Encyclopedia of the History of American Management
Kenneth Joseph Arrow was born in New York City on 23 August 1921. He was educated at the City
Arrow, Kenneth Joseph Reference library
Thomas Pink
The Oxford Companion to Philosophy (2 ed.)
(1921– ).
Leading theorist of social choice, winner of a Nobel Prize in 1972. In Social Choice and Individual Values...
Arrow, Kenneth Joseph (1921–) Reference library
The Dictionary of Modern American Philosophers
Kenneth Arrow was born on 23 August 1921 in New York City. In 1940 he received a BSS degree from
Arrow–Debreu model
A general equilibrium framework for addressing questions about the viability and efficiency of competitive markets, developed by Kenneth Arrow and Gerard Debreu. The great achievement of the ...
Arrow's impossibility theorem
The theorem provides a proof that no perfect process exists for aggregating individual rankings of alternatives into a collective (or social) ranking. An example of an aggregation process is majority ...
CES production function
Or constant elasticity of substitution production function. The CES function is a production function used to model the relationship between the quantity of inputs used to make a good (such ...
contingent commodity
A good that is available only if a particular event (or ‘state of the world’) occurs, for example an ice cream delivered only if the sun shines. Contingent commodities form the basis of general ...
J. R. Hicks
(1904 –1989)Hicks was one of the last economic theorists to shape the field as a whole. His contributions touched on or transformed most areas of economic theory. Hicks became ...
Oliver Eaton Williamson
(1932–)Oliver Eaton Williamson was born in Superior, Wisconsin on 27 September 1932. Several years after obtaining a bachelor's degree at the Massachusetts Institute of Technology in 1955, he ...
Pareto principle
A principle of welfare economics derived from the writings of Vilfredo Pareto, which states that a legitimate welfare improvement occurs when a particular change makes at least one person better off, ...
social-choice theory
The theory of ways to conjure a social welfare function, or rational choice for a collective as a whole out of the preferences or ‘utilities’ of its individual members. The theory is bedevilled by ...
welfare economics
The part of economics concerned with the effects of economic activity on welfare. This includes the modelling of individual or household behaviour by utility functions; criteria for efficiency, ...