(1921-), US economist, noted chiefly for his work on general economic equilibrium and social choice. His Social Choices and Individual Values (1951) argued the impossibility of aggregating the preferences of individuals into a single combined order of priorities for society as a whole. Nobel Prize for Economics (1972), shared with John R. Hicks.
Definition of Arrow, Kenneth Joseph in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.