Social Choice and Individual Values.New York : 1951 Stock Code: 124548
NotesFirst edition of Arrow's brilliant doctoral thesis, published as number 12 in the series of Cowles Commission Monographs. Employing the notational system of symbolic logic, at the time unfamiliar to economists, Arrow proposed to solve a question in politics which no economist and few political scientists had ever posed: suppose all individuals can rank all states of the world in order of preference, is it possible to find a voting rule that will always select one of those states as 'most preferred'?
Octavo. Original blue cloth, spine and upper cover lettered in gilt. With the dust jacket.
Ownership stamp of Saul Kasdan to endpapers. Cloth faded, spine ends worn with some short closed tears, a small knock to lower edge of rear board, else a bright, clean copy in the tanned and chipped dust jacket with some loss to top edge of front panel and foot of spine, spine and joints professionally strengthened using japon to verso.
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