The literature on the theory of social choice has grown considerably beyond the few items in existence at the time the first edition of this book appeared in 1951.
Monograph of lectures on the economics of resource allocation processes - examines the ethics and rationality of decision making, the role of pricing, and analyses alternative methods of achieving efficiency, etc.
The publication of Arrow's collected papers will be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the knowledge and the discernment in selection of scientific problems that ...