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Kenneth Joseph Arrow

(b. 1921) American economist

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Arrow, Kenneth Joseph

Arrow, Kenneth Joseph (1921)   Reference library

The Encyclopedia of the History of American Management

Reference type:
Subject Reference
Current Version:
2010
Subject:
Social sciences, Business and Management
Length:
1,014 words

Kenneth Joseph Arrow was born in New York City on 23 August 1921. He was educated at the City

Arrow, Kenneth Joseph

Arrow, Kenneth Joseph   Reference library

Thomas Pink

The Oxford Companion to Philosophy (2 ed.)

Reference type:
Subject Reference
Current Version:
2005
Subject:
Philosophy
Length:
152 words

(1921– ).

Leading theorist of social choice, winner of a Nobel Prize in 1972. In Social Choice and Individual Values...

Arrow, Kenneth Joseph

Arrow, Kenneth Joseph (1921–)   Reference library

The Dictionary of Modern American Philosophers

Reference type:
Subject Reference
Current Version:
2010
Subject:
Philosophy
Length:
700 words

Kenneth Arrow was born on 23 August 1921 in New York City. In 1940 he received a BSS degree from

Arrow–Debreu model

Arrow–Debreu model  

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Overview Page
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

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

CES production function  

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Overview Page
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

contingent commodity  

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Overview Page
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

J. R. Hicks  

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Overview Page
(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

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

Pareto principle  

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Overview Page
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

social-choice theory  

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Overview Page
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

welfare economics  

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Overview Page
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, ...

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