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In mathematics, it simply is not true that 'you can't prove a negative'. Many revolutionary impossibility theorems reveal profound properties of logic, computation, fairness and the universe, and form the mathematical background of new technologies and Nobel prizes. But to fully appreciate these theorems and their impact on mathematics and beyond, you must understand their proofs. This book is the first to present these proofs for a broad, lay audience. It fully develops the simplest rigorous proofs found in the literature, reworked to contain less jargon and notation, and more background, intuition, examples, explanations, and exercises. Amazingly, all of the proofs in this book involve only arithmetic and basic logic – and are elementary, starting only from first principles and definitions. Very little background knowledge is required, and no specialized mathematical training – all you need is the discipline to follow logical arguments and a pen in your hand.
Ranking social states using individual rankings, strategic and non-strategic behaviors of individuals, ethical issues in distributional analysis.
The Handbook of Social Choice and Welfare presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various aspects of Arrovian general impossibility theorems, illustrated by the simple majority cycle first identified by Condorcet, are expounded and evaluated. It also provides a critical survey of the work on different escape routes from impossibility results of this kind. In Part 2 (Voting Schemes and Mechanisms), the operation and performance of voting schemes and cost-sharing mechanisms are examined axiomatically, and some aspects of the modern theory of incentives and mechanism design are expounded and surveyed. In Part 3 (structure of social choice rules), the positional rules of collective decision-making (the origin of which can be traced back to a seminal proposal by Borda), the game-theoretic aspects of voting in committees, and the implications of making use of interpersonal comparisons of welfare (with or without cardinal measurability) are expounded, and the status of utilitarianism as a theory of justice is critically examined. It also provides an analytical survey of the foundations of measurement of inequality and poverty. In order to place these broad issues (as well as further issues to be discussed in the second volume of the Handbook) in perspective, Kotaro Suzumura has written an extensive introduction, discussing the historical background of social choice theory, the vistas opened by Arrow's Social Choice and Individual Values, the famous "socialist planning" controversy, and the theoretical and practical significance of social choice theory. The primary purpose of this Handbook is to provide an accessible introduction to the current state of the art in social choice theory and welfare economics. The expounded theory has a strong and constructive message for pursuing human well-being and facilitating collective decision-making. *Advances economists' understanding of recent advances in social choice and welfare *Distills and applies research to a wide range of social issues *Provides analytical material for evaluating new scholarship *Offers consolidated reviews and analyses of scholarship in a framework that encourages synthesis--
Arrow Impossibility Theorems is a 10-chapter text that describes existing impossibility theorems. This book explores a number of formalizations of ethical constraints of the theorems. After an introduction to the framework and notation for Arrow impossibility theorems, this book goes on discussing some concepts and an apparatus of relations among those concepts which are important for the theorems. Other chapters present some impossibility results that serve to point out serious difficulties in some plausible escape routes from the theorems of earlier chapters. The final chapter describes important areas of research that have arisen in the collective choice field in the transition away from studying the conditions of Arrow's theorem alone to the totality of all impossibility theorems. This book is intended primarily for economists.
Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK;Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications