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This book is concerned with the study of collective preference, in particular with the relationship between the objectives of social action and the preferences and aspirations of society's members. Professor Sen's approach is based on the assumption that the problem of collective choice cannot be satisfactorily discussed within the confines of economics. While collective choice forms a crucial aspect of economics, the subject pertains also to political science, the theory of the state, and to the theory of decision procedures. The author has therefore used material from these disciplines, plus philosophical aspects from ethics and the theory of justice.
Originally published in 1970, this classic study has been recognized for its groundbreaking role in integrating economics and ethics, and for its influence in opening up new areas of research in social choice, including aggregative assessment. It has also had a large influence on international organizations, including the United Nations, notably in its work on human development. The book showed that the "impossibility theorems" in social choice theory--led by the pioneering work of Kenneth Arrow--do not negate the possibility of reasoned and democratic social choice. Sen's ideas about social choice, welfare economics, inequality, poverty, and human rights have continued to evolve since the book's first appearance. This expanded edition preserves the text of the original while presenting eleven new chapters of fresh arguments and results. "Expanding on the early work of Condorcet, Pareto, Arrow, and others, Sen provides rigorous mathematical argumentation on the merits of voting mechanisms...For those with graduate training, it will serve as a frequently consulted reference and a necessity on one's book shelf." --J. F. O'Connell, Choice
Choice, Welfare and Measurement contains many of Amartya Sen's most important contributions to economic analysis and methods, including papers on individual and social choice, preference and rationality, and aggregation and economic measurement. A substantial introductory essay interrelates his diverse concerns, and also analyzes discussions generated by the original papers, focusing on the underlying issues.
This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define. Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off point for discussing ways to incentivize, punish, and distribute goods. Develops many subjects from Volume 1 (2002) while introducing new themes in welfare economics and social choice theory Features four sections: Foundations, Developments of the Basic Arrovian Schemes, Fairness and Rights, and Voting and Manipulation Appeals to readers who seek introductions to writings on human well-being and collective decision-making Presents a spectrum of material, from initial insights and basic functions to important variations on basic schemes
An examination of the phenomenon of social cooperation failure, even amongst a group of rational individuals.
This volume comprises papers presented at the Symposium on Collective Choice, by leading experts in this field. It presents recent advances in Social Choice Theory and Welfare Economics. The papers are classified in two broad groups: (1) those dealing with the ethical aspects of the theory of social choice and (2) those concerned with the positive aspects. The papers in the first part are concerned with the Arrow-type aggregation problem or aspects of it and with more specific questions relating to optimality, justice and welfare. In part II several papers discuss the problem of strategic misrevelation of preferences by individuals, others discuss simple voting games, social choice-correspondences and electoral competition. The main features are: - Recent advances in social choice theory and welfare economics - New mathematical approaches to social choice theory (differential and algebraic topology) -New aspects of the concepts of justice and optimality in welfare economics and social choice.

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