The bizarre Arrow’s Impossibility Theorem, or Arrow’s Paradox. The bizarre Arrow’s Impossibility Theorem, or Arrow’s Paradox, shows a counterintuitive relationship between fair voting procedures and ...
Public Choice, Vol. 179, No. 1/2, Special Issue: Honoring Kenneth Arrow (April 2019), pp. 125-131 (7 pages) Arrow’s impossibility result not only had a profound influence on welfare economics, but was ...
Kenneth Arrow, one of the giants of economics, has died at the age of 95. He became a Nobel Laureate in 1972. As a young lawyer in 1977, I saw him in action as an expert witness on the subject of risk ...
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