Home > Kenneth Arrow
Kenneth Joseph Arrow (born August 23, 1921) is an American economist. He won The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1972, which he shared with John Hicks.His most significant works are his contributions to social choice theory , notably " Arrow's impossibility theorem", and his work on general equilibrium analysis.
He earned a Bachelor's degree from the City College of New York in 1940. At Columbia University, he received a Master's degree in 1941 and PhD in 1951Events January events January 9 United Nations headquarters officially opens ( New York City). January 15 Ilse Koch, The "Witch of Buchenwald," wife of the commandant of the Buchenwald concentration camp, is sentenced to life imprisonment in a court in We.
1 The impossibility theorem
Arrow's impossibility theorem was set out in his PhD thesis, Social choice and individual values. It shows the impossibility of designing rules for social decision making that obey all of a number of 'reasonable' criteria. It is often known as Arrow's paradox.
2 General equilibrium theory
Working with Gerard DebreuGerard Debreu (born July 4, 1921) is a French-born American economist who won the 1983 Bank of Sweden Prize in Economic Sciences. He was born in Calais. Just prior to the start of World War II he finished college, but instead of preparing for the universi (who won the Nobel prize for this work in 1983Events January January 1 Beat Raaflaub became Basel Boys Choir's new conductor January 1 the ARPANET officially changes to use the Internet Protocol, creating the Internet. January 1 compulsory wearing of seat belts becomes law in the UK. January 2 The mu), Arrow produced the first rigorous proof of the existence of a market clearing equilibrium, given certain restrictive assumptions. See general equilibrium.
1 See also
- List of economistsEconomists are scholars conducting research in the field of economics. Alphabetical list Below is a list of well-known economists. For quick navigation, select one of these letters: A George Akerlof Maurice Allais Roy G D Allen Elisabeth Altmann-Gottheine
- List of economics consultancies and think tanksThis is a list of economic consultancies and think tanks Well-known think tanks Canada Atlantic Institute for Market Studies C. Howe Institute Canadian Institute of International Affairs Caledon Institute on Social Policy Canada West Foundation Canadian C
2 External links
Arrow, Kenneth
Arrow, Kenneth
Arrow, Kenneth
Arrow, Kenneth
Arrow, Kenneth
Arrow, Kenneth
John von Neumann Theory Prize Winners
Arrow, Kenneth
