Social Choice and Individual Values.New York: John Wiley & Sons, Inc. and London: Chapman & Hall, Limited, 1951 Stock Code: 142548
First edition, first printing, 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'?" (Blaug, Great Economists since Keynes, p. 6).
Octavo. Original blue cloth, spine and front cover lettered in gilt.
Spine sunned and a little rubbed. A very good copy.
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