Left freely to themselves, a group of rational individuals often fail to cooperate even when the product of social cooperation is beneficial to all. Hence, the author argues, a rule of collective decision making is clearly needed that specifies how social cooperation should be organised among contributing individuals. 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. Among other topics covered are an axiomatic characterisation of the concept of a rational choice, the simple majority decision rule and its extensions, the social choice implications of the concept of equity as nonenvy, the constrained majoritarian collective choice rules and the conflict between the Paretian ethics and the libertarian claims of individual rights.
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Preface; 1. Prologue; 2. Rational choice and revealed preference; 3. Arrovian impossibility theorems; 4. Simple majority rule and extensions; 5. The fairness-as-no-envy approach in social choice theory; 6. Impartiality and extended sympathy; 7. Individual rights and liberatarian claims; 8. Epilogue; Notes; Bibliography; Index.
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An examination of the phenomenon of social cooperation failure, even amongst a group of rational individuals.

Produktdetaljer

ISBN
9780521122559
Publisert
2009-11-05
Utgiver
Vendor
Cambridge University Press
Vekt
430 gr
Høyde
229 mm
Bredde
152 mm
Dybde
17 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
292

Forfatter