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Since World War II the subject of social choice has grown in many and surprising ways. The links with classical and modern theories of justice and, in particular, the competing ideas of rights and utilitarianism have shown the power of formal social choice analysis in illuminating the most basic philosophical arguments about the good social life.
Since World War II the subject of social choice has grown in many and surprising ways. The links with classical and modern theories of justice and, in particular, the competing ideas of rights and utilitarianism have shown the power of formal social choice analysis in illuminating the most basic philosophical arguments about the good social life.
Social choice theory critically assesses and rationally designs economic mechanisms for improving human well-being. Kotaro Suzumura-one of the world's foremost thinkers in social choice theory and welfare economics-fuses abstract ideas with real-world economies to examine foundational issues of normative economics and collective decision making.
Suzumura gives a systematic presentation of the Arrovian impossibility theorems of social choice theory, so as to describe and enumerate the various factors that are responsible for the stability of the voluntary association of free and rational individuals.
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