Cowles Foundation Monographs Series – serie
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"[This] beautiful and austere book . . . [is] an important landmark of economic theory."—F.H. Hahn, Journal of Political Economy"An immortal classic of twentieth century economics. Every economist should own a copy."—Robert Lucas, University of ChicagoTheory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
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Originally published in 1951, Social Choice and Individual Values introduced “Arrow’s Impossibility Theorem” and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow’s seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, ‘Arrow’s Theorem,’ has changed the way we think.”—Donald G. Saari, author of Decisions and Elections: Explaining the Unexpected