Handbook of Social Choice and Welfare Volume 1 Handbooks in Economics 1st Edition by Kenneth Arrow, Amartya Sen, Kotaro Suzumura – Ebook PDF Instant Download/Delivery: 1493302515 ,9781493302512
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ISBN 10: 1493302515
ISBN 13: 9781493302512
Author: Kenneth Arrow, Amartya Sen, Kotaro Suzumura
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.
Handbook of Social Choice and Welfare Volume 1 Handbooks in Economics 1st Edition Table of contents:
Chapter 1: Introduction to Social Choice and Welfare Theory
- Defining Social Choice and Welfare Economics
- The Historical Development of the Fields
- Key Concepts and Questions in Social Choice
- Interdisciplinary Connections: Political Economy and Philosophy
- Overview of Contributions by Arrow, Sen, and Others
Chapter 2: Arrow’s Impossibility Theorem
- The Background and Motivation for the Theorem
- Formal Statement and Proof of Arrow’s Theorem
- Implications for Voting Systems and Social Preferences
- Extensions and Criticisms of Arrow’s Theorem
- Arrow’s Theorem in the Context of Modern Social Choice Theory
Chapter 3: The Theory of Social Welfare Functions
- Defining Social Welfare Functions (SWF)
- Utilitarianism and Other Normative Approaches to Welfare
- The Role of Preferences in Social Welfare Analysis
- The Pareto Principle and its Limitations
- Generalizations of Welfare Functions and Fairness Considerations
- Social Welfare and Interpersonal Comparisons of Well-Being
Chapter 4: Individual Rights and Social Choice
- The Role of Rights in Welfare Economics
- Linking Rights and Social Choice: A Normative Framework
- Individual Rights vs. Aggregate Welfare Maximization
- Rights-Based Approaches to Social Welfare
- Distributive Justice and the Problem of Aggregation
Chapter 5: Choice under Uncertainty and Risk
- Uncertainty, Risk, and Welfare Economics
- Expected Utility Theory and Its Critiques
- Social Preferences under Uncertainty
- Risk Aversion and the Role of Insurance in Social Choice
- Non-Expected Utility Models and Alternative Approaches
Chapter 6: Pareto Optimality and Efficiency in Social Choice
- Defining Pareto Optimality
- The Role of Pareto Efficiency in Welfare Economics
- The Efficiency-Equity Trade-Off
- Applications of Pareto Optimality in Public Policy
- Alternative Efficiency Criteria in Social Choice Theory
Chapter 7: Fairness and Justice in Social Choice Theory
- Justice as Fairness: John Rawls and Beyond
- Procedural Fairness and Outcome Fairness
- Fairness in Resource Allocation and Social Welfare
- Fairness vs. Efficiency in Welfare Economics
- Ex-Post vs. Ex-Ante Fairness Considerations
Chapter 8: Voting Systems and Collective Decision-Making
- Types of Voting Systems
- Condorcet and Majority Rule
- Ranking Methods and Preference Aggregation
- Social Choice and the Problem of Manipulation in Voting Systems
- Voting Paradoxes and Implications for Democratic Decision-Making
- Comparative Analysis of Voting Systems
Chapter 9: Mechanism Design and Implementation
- The Theory of Mechanism Design
- Incentive Compatibility and the Revelation Principle
- Social Choice and Game Theory
- Applications of Mechanism Design in Public Economics
- The Role of Institutions in Mechanism Design
- Challenges in Implementing Fair and Efficient Mechanisms
Chapter 10: Public Goods and Collective Action
- Theories of Public Goods and Collective Action
- Externalities and the Role of Government in Public Goods Provision
- Social Choice in the Context of Public Goods
- Free Rider Problems and Solutions
- Cooperative and Non-Cooperative Solutions to Collective Action Problems
Chapter 11: Redistribution and Social Justice
- Theories of Redistribution in Welfare Economics
- Redistributive Policies and Social Choice
- Utilitarianism vs. Rawlsian Principles of Justice
- The Role of Taxation and Welfare Transfers in Redistribution
- Distributive Justice and the Ethics of Redistribution
Chapter 12: Social Choice and Development Economics
- Social Choice in the Context of Economic Development
- Growth vs. Equity: Trade-Offs in Development
- Social Choice Models in the Design of Development Policy
- Social Welfare and the Measurement of Well-Being
- Development, Poverty, and Inequality
- The Role of Institutions in Development
Chapter 13: Ethical Foundations of Social Choice and Welfare
- Philosophical Foundations of Social Choice Theory
- Ethical Theories and Their Role in Social Welfare
- Utilitarianism, Deontological Ethics, and Social Choice
- Egalitarian Approaches to Social Welfare
- Critiques of Social Choice from an Ethical Perspective
Chapter 14: Contemporary Issues and Future Directions in Social Choice
- Current Challenges in Social Choice Theory
- New Directions in Welfare Economics
- Globalization and its Impact on Social Welfare
- Environmental and Intergenerational Welfare
- The Role of Technology and Information in Social Decision-Making
- Future Trends in the Study and Application of Social Choice Theory
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Kenneth Arrow,Amartya Sen,Kotaro Suzumura,Social Choice,Welfare