Abstract
During the 1948–9 academic year, Arrow presented six discussion papers on social choice at Cowles seminars and staff meetings. His basic thesis had been developed at Rand the previous summer following discussions with Olaf Helmer, Abraham Kaplan, David Blackwell, and J.W.T. Youngs. The papers were received with much excitement and with some surprise that essentially scientific reasoning could be effectively applied to a basic question of social ethics. Excitement became widespread with the publication of Arrow’s study in the Journal of Political Economy in 1950 and, amplified and slightly revised, as Cowles Commission Monograph 12 in 1951.
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© 1986 Springer-Verlag Berlin Heidelberg
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Hildreth, C. (1986). Related Topics. In: The Cowles Commission in Chicago, 1939–1955. Lecture Notes in Economics and Mathematical Systems, vol 271. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-61644-0_4
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DOI: https://doi.org/10.1007/978-3-642-61644-0_4
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