was an american economist and one of the central representatives of the social choice theory. He won the Nobel Memorial Prize in Economic Sciences in 1972. After studying mathematical statistics at the Columbia University in New York City, Arrow turned to the discipline of economics in 1941, finishing his Ph.D. in 1951. His central contribution to economics, the impossibility theorem today is one of the classics of the discipline.
Some Central Works
- Social Choice and Individual Values
- The Limits of Organization
- Decision making under Ignorance
The ideas of Kenneth Arrow influenced the following concepts: