The Theory of Social Choice and Welfare

Theory of Social Choice and Welfare is an ideal introduction to the area for graduate students of economics, politics, and philosophy, and researchers.

Covering all of the essential topics, as well as detailed discussions of the Arrow-type aggregation problem as well as strategic manipulation and implementation (two of the main areas in the theory of social choice), it also provides a comprehensive discussion of the non-welfaristic issues of rights, freedom, and opportunity, for which no systematic textbook treatment is elsewhere available. The book also includes a discussion of several problems of measurement (monetary measures of individual welfare, national income and the standard of living, and the measurement of inequality and poverty), which constitute critical areas within applied welfare economics. With rigorous exposition, full proofs of all results, extended interpretive and intuitive discussions, exercises and suggestions for further reading, this textbook is an essential introduction to social choice and welfare theory.