Friday, September 2, 2016
Kenneth Arrow
Kenneth Arrow is a Jewish New Yorker, Nobel Memorial Prize winner and a famous economist. He won the award along with John Hick at 51, the youngest age yet for a Nobel Memorial Prize winner. He is known for his contributions to social choice theory, specifically his Arrow's impossibility theorem. He is also known for his contributions to the general equilibrium analysis. He has also worked in other fields in economics such as the economics of information and endogenous growth theory. At the respectable age of 95, he is still somewhat involved with the social science since he is a trustee of Economists for Peace and Security. He is also a member of the Advisory Board of Incentives for Global Health which is actually the non profit organization behind the Health Impact Fund.
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Thank you for redoing your site. You will see when you do the Excel homework that there is an alias on the pulldown list for Kenneth Arrow. You should use that there.
ReplyDeleteRegarding the economics of Arrow that we will utilize, the full blown general equilibrium model is usually referred to as the Arrow-Debreu model. Debreu won the Nobel prize some years later, but they both contributed to the formulation of the approach. It is a wonderfully elegant model, though totally unrealistic. We will use it as a baseline from which to launch a critique.