Pepperdine University
Publishes on Economic theories and models, Economic Theory and Institutions, Economic Theory and Policy. 729 papers and 112.9k citations.
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Invention is here interpreted broadly as the production of knowledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on the technological characteristics of the invention process and the nature of the market for knowledge.
Originally published in 1951, Social Choice and Individual Values introduced Impossibility Theorem and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers. Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem,' has changed the way we think.-Donald G. Saari, author of Decisions and Elections: Explaining the Unexpected
Journal Article The Economic Implications of Learning by Doing Get access Kenneth J. Arrow Kenneth J. Arrow Stanford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 3, June 1962, Pages 155–173, https://doi.org/10.2307/2295952 Published: 01 June 1962