PALO ALTO, Calif. — Kenneth J. Arrow, the youngest-ever winner of a Nobel prize for economics, whose theories on risk, innovation and the basic mathematics of markets have influenced thinking on ...
Sixty years ago, an economist named Kenneth Arrow sat down and worked out something that seemed almost too obvious to say: workers get better at their jobs by doing them. The insight was simple, but ...
Book Description: This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay "Uncertainty and the Welfare Economics of Medical Care" in light of the many changes in ...
Public Choice, Vol. 179, No. 1/2, Special Issue: Honoring Kenneth Arrow (April 2019), pp. 125-131 (7 pages) Arrow’s impossibility result not only had a profound influence on welfare economics, but was ...