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Collective Decision-making: Social Choice and Political Economy
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Bibliographic Detail
Publisher Springer Verlag
Publication date June 1, 1996
Pages 448
Binding Paperback
Book category Adult Non-Fiction
ISBN-13 9789048158003
ISBN-10 9048158001
Original list price $249.00
Summaries and Reviews
Amazon.com description: Product Description: In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro­ vide a common framework for analyzing the behavior of a developed political economy. Social choice theory itself grew out of the innovative attempts by Ken­ neth Arrow (1951) and Duncan Black (1948, 1958) to extend the range of economic theory in order to deal with collective decision-making over public goods. Later work, by William Baumol (1952), and James Buchanan and Gordon Tullock (1962), focussed on providing an "economic" interpretation of democratic institutions. In the same period Anthony Downs (1957) sought to model representative democracy and elections while William Riker (1962) made use of work in cooperative game theory (by John von Neumann and Oscar Morgenstern, 1944) to study coalition behavior. In my view, these "rational choice" analyses of collective decision-making have their antecedents in the arguments of Adam Smith (1759, 1776), James Madison (1787) and the Marquis de Condorcet (1785) about the "design" of political institutions. In the introductory chapter to this volume I briefly describe how some of the current normative and positive aspects of social choice date back to these earlier writers.

Editions
Hardcover
Book cover for 9780792397113
 
from Kluwer Academic Pub (June 1, 1996)
9780792397113 | details & prices | 422 pages | 6.50 × 9.50 × 1.00 in. | 1.85 lbs | List price $249.00
About: In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro­ vide a common framework for analyzing the behavior of a developed political economy.
Paperback
Book cover for 9789048158003
 
The price comparison is for this edition
from Springer Verlag (June 1, 1996)
9789048158003 | details & prices | 448 pages | List price $249.00
About: In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro­ vide a common framework for analyzing the behavior of a developed political economy.

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