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Collective Choice And Social Welfare

Collective Choice And Social Welfare

Paper Back
by Sen   Amartya  
Language: English
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Book Summary of Collective Choice And Social Welfare

Paper Back

About the Book: Collective Choice and Social Welfare

Nobel Prize winner Amartya Sens first great book, now reissued in a fully revised and expanded second edition Can the values which individual members of society attach to different alternatives be aggregated into values for society as a whole, in a way that is both fair and theoretically sound? Is the majority principle a workable rule for making decisions? How should income inequality be measured? When and how can we compare the distribution of welfare in different societies? These questions, from the citation by the Swedish Academy of Sciences when Amartya Sen was awarded the Nobel Memorial Prize in Economics, refer to his work in Collective Choice and Social Welfare, the most important of all his early books. Originally published in 1970, this classic work in welfare economics has been recognized for its ground-breaking role in integrating economics and ethics, and for its influence in opening up new areas of research in social choice, including aggregative assessment. It has also had a large influence on international organizations, including the United Nations, particularly in its work on human development. In its original version, the book showed that the impossibility theorems in social choice theory-led by the pioneering work of Kenneth Arrow-need not be seen as destructive of the possibility of reasoned and democratic social choice. Sens ideas about social choice, welfare economics, inequality, poverty and human rights have continued to evolve since the books first appearance. This expanded edition, which begins by reproducing the 1970 edition in its entirety, goes on to present eleven new chapters of new arguments and results. As in the original version, the new chapters alternate between non-mathematical chapters completely accessible to all, and those which present mathematical arguments and proofs. The reader who prefers to shun mathematics can follow all the non-mathematical chapters on their own, to receive a full, informal understanding. There is also a substantial new introduction which gives a superb overview of the whole subject of social choice.

About the Author: Amartya Sen

Amartya Sen is one of the worlds leading public intellectuals. He is Professor of Economics and Professor of Philosophy at Harvard. He was Master of Trinity College, Cambridge, from 1998 to 2004, and won the Nobel Prize for Economics in 1998. His many celebrated books include Development as Freedom (1999), The Argumentative Indian (2005) and The Idea of Justice (2010). They have been translated into more than 30 languages.

 

Details Of Book : Collective Choice And Social Welfare

Book: Collective Choice And Social Welfare
Author:    
ISBN: 0141982500
ISBN-13: 9780141982502
Binding: Paper Back
Publishing Date: 2017-01
Publisher: Penguin Books Ltd Uk
Number of Pages: 544
Language: English
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