SOCIAL CHOICE
AND INDIVIDUAL VALUES
by
KENNETH J. ARROW
John Wiley & Sons, Inc., New York
Chapman & Hall, Limited, London
1951
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TABLE OF CONTENTS
Chapter
Page
Preliminary pages
i
I.
Introduction
1
II.
The Nature of Preference and Choice
9
III.
The Social Welfare Function
22
IV.
The Compensation Principle
34
V.
The General Possibility Theorem for Social Welfare Functions
46
VI.
The Individualistic Assumptions
61
VII.
Similarity as the Basis of Social Welfare Judgments
74
References
93
Index
97