Choice, Preferences, and Procedures

Choice, Preferences, and Procedures PDF

Author: Kotaro Suzumura

Publisher: Harvard University Press

Published: 2016-06-06

Total Pages: 806

ISBN-13: 0674727444

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Kotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.

Individual and Collective Choice and Social Welfare

Individual and Collective Choice and Social Welfare PDF

Author: Constanze Binder

Publisher: Springer

Published: 2015-04-22

Total Pages: 374

ISBN-13: 366246439X

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The papers in this volume explore various issues relating to theories of individual and collective choice, and theories of social welfare. The topics include individual and collective rationality, motivation and intention in economics, coercion, public goods, climate change, and voting theory. The book offers an excellent overview over latest research in these fields.

Rational Choice and Social Welfare

Rational Choice and Social Welfare PDF

Author: Prasanta K. Pattanaik

Publisher: Springer Science & Business Media

Published: 2008-09-30

Total Pages: 272

ISBN-13: 3540798323

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This volume brings together papers, which were ?rst presented at the International Conference on Rational Choice, Individual Rights and Non-Welfaristic Normative Economics, held in honour of Kotaro Suzumura at Hitotsubashi University, Tokyo, on 11–13 March 2006, and which have subsequently gone through the usual process of review by referees. We have been helped by many individuals and institutions in organizing the conference and putting this volume together. We are grateful to the authors of this volume for contributing their papers and to the referees who reviewed the papers. We gratefully acknowledge the very generous fundings by the Ministry of Education, Culture, Sports, Science and Technology, Japan, through the grant for the 21st Century Center of Excellence (COE) Program on the Normative Evaluation and Social Choice of Contemporary Economic Systems, and by the Japan Society for the Promotion of Science, through the grant for International Scienti?c Meetings in Japan, and the unstinted effort of the staff of the COE Program at Hitotsubashi University, without which the conference in 2006 would not have been possible. We thank Dr. Martina Bihn, the Editorial Director of Springer-Verlag for economics and business, for her advice and help. Finally, we would like to mention that it has been a great pleasure and privilege for us to edit this volume, which is intended to be a tribute to Kotaro Suzumura’s - mense intellectual contributions, especially in the theory of rational choice, welfare economics, and the theory of social choice. Riverside Prasanta K.

Collective Decision-Making:

Collective Decision-Making: PDF

Author: Norman Schofield

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 430

ISBN-13: 9401587671

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In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro vide a common framework for analyzing the behavior of a developed political economy. Social choice theory itself grew out of the innovative attempts by Ken neth Arrow (1951) and Duncan Black (1948, 1958) to extend the range of economic theory in order to deal with collective decision-making over public goods. Later work, by William Baumol (1952), and James Buchanan and Gordon Tullock (1962), focussed on providing an "economic" interpretation of democratic institutions. In the same period Anthony Downs (1957) sought to model representative democracy and elections while William Riker (1962) made use of work in cooperative game theory (by John von Neumann and Oscar Morgenstern, 1944) to study coalition behavior. In my view, these "rational choice" analyses of collective decision-making have their antecedents in the arguments of Adam Smith (1759, 1776), James Madison (1787) and the Marquis de Condorcet (1785) about the "design" of political institutions. In the introductory chapter to this volume I briefly describe how some of the current normative and positive aspects of social choice date back to these earlier writers.

The Handbook of Rational and Social Choice

The Handbook of Rational and Social Choice PDF

Author: Paul Anand

Publisher: Oxford University Press

Published: 2009-01-15

Total Pages: 592

ISBN-13: 0199290423

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This volume provides an overview of issues arising in work on the foundations of decision theory and social choice. The collection will be of particular value to researchers in economics with interests in utility or welfare, but also to any social scientist or philosopher interested in theories of rationality or group decision-making.

Principles of Politics

Principles of Politics PDF

Author: Joe Oppenheimer

Publisher: Cambridge University Press

Published: 2012-07-30

Total Pages: 311

ISBN-13: 1107014883

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This book presents the rational choice theories of collective action and social choice, applying them to problems of public policy and social justice. Joe Oppenheimer has crafted a basic survey of, and pedagogic guide to, the findings of public choice theory for political scientists. He describes the problems of collective action, institutional structures, regime change, and political leadership.

Collective Choice and Social Welfare

Collective Choice and Social Welfare PDF

Author: Amartya Sen

Publisher:

Published: 1970

Total Pages: 260

ISBN-13:

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Textbook on the relationship between the objectives of social policy and preferences and aspirations of members of society, with particular reference to collective decision making in respect of social welfare. Bibliography pp. 201 to 218 and statistical tables.

Pathologies of Rational Choice Theory

Pathologies of Rational Choice Theory PDF

Author: Donald Green

Publisher: Yale University Press

Published: 1994-09-28

Total Pages: 415

ISBN-13: 0300187084

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This is the first comprehensive critical evaluation of the use of rational choice theory in political science. Writing in an accessible and nontechnical style, Donald P. Green and Ian Shapiro assess rational choice theory where it is reputed to be most successful: the study of collective action, the behavior of political parties and politicians, and such phenomena as voting cycles and Prisoner's Dilemmas. In their hard-hitting critique, Green and Shapiro demonstrate that the much heralded achievements of rational choice theory are in fact deeply suspect and that fundamental rethinking is needed if rational choice theorists are to contribute to the understanding of politics. In their final chapters, they anticipate and respond to a variety of possible rational choice responses to their arguments, thereby initiating a dialogue that is bound to continue for some time.

Social Choice and Individual Values

Social Choice and Individual Values PDF

Author: Kenneth J. Arrow

Publisher: Yale University Press

Published: 2012-06-26

Total Pages: 347

ISBN-13: 0300186983

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Originally published in 1951, "Social Choice and Individual Values" introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem, ' has changed the way we think."--Donald G. Saari, author of "Decisions and Elections: Explaining the Unexpected "