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Collected Papers of Kenneth J. Arrow, Volume 1: Social Choice and Justice

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Collected Papers of Kenneth J. Arrow, Volume 1: Social Choice and Justice - Arrow, Kenneth J
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Arrow takes up the basic question of whether collective choices can reflect individual preferences. The seminal 1950 paper that opens the volume shows that given reasonable conditions that social choices must satisfy to reflect individual preferences, it is impossible to make a choice among alternatives without violating some of the conditions.

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