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Kenneth Arrow

Also known as Kenneth Joseph Arrow, Kenneth J. Arrow, Ken Arrow

American economist (1921–2017)

AI overview

Kenneth Arrow was an American economist who made fundamental contributions to understanding how societies make collective decisions and allocate resources. His work, including the development of "Arrow's impossibility theorem," shaped modern economic theory and policy by revealing both the possibilities and limitations of democratic voting systems and free markets.

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Person · Open Library

Works: 6

Top works

Worlds Hidden in Plain Sight
Are we consuming too much?
Evaluating projects and assessing sustainable development in imperfect economies
Meritocracy and economic inequality
Frontiers of Economics

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Music · MusicBrainz

Type: Person
Gender: Male
Origin: Montserrat
Active from: 1949-11-16
Active to: 2010-09-15

Discography

Discogs Stream

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Listeners · Last.fm

Listeners: 7
Total plays: 10

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Recent publications · Crossref

5 total works indexed

Analysis of Relative Gene Expression Data Using Real-Time Quantitative PCR and the 2−ΔΔCT Method
· 2001 · cited 160,876x
Differential Evolution – A Simple and Efficient Heuristic for global Optimization over Continuous Spaces
· 1997 · cited 24,247x
Analyzing real-time PCR data by the comparative CT method
· 2008 · cited 23,253x
Common risk factors in the returns on stocks and bonds
· 1993 · cited 20,276x
Physisorption of gases, with special reference to the evaluation of surface area and pore size distribution (IUPAC Technical Report)
· 2015 · cited 18,876x

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Quotes

“There is no need to enlarge upon the importance of a realistic theory explaining how individuals choose among alternate courses of action when the consequences of their actions are incompletely known to them. It is no exaggeration to say that every choice made by human beings would meet this description if attention were paid to the ultimate implications.”
“Among economic phenomena which have in some way been tied up with the existence of uncertainty, three classes may be distinguished: (1) those which by their very definition are concerned with uncertainty; (2) those which are not related to uncertainty by definition but nevertheless have no other conceivable explanation; (3) those whose relation to uncertainty is more remote and disputable.”
“Traditional welfare economics shows that there are certain of these combinations that will be preferred by all the voters, which permits us to eliminate the others without too much discussion. However, there will always remain an irreducible kernel of possibilities among which the choice rests on a combination or aggregation of individual ethical attitudes about distribution.”
“L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market.”
“Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or .”
“Government economic policy, like almost any realistic decision problem, has two fundamental characteristics: it is sequential and it is uncertain.”

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Wikidata facts

Official website: economics.stanford.edu/faculty/arrow
Image: Kenneth Arrow, Stanford University.jpg

Show 6 more facts

Commons category: Kenneth Arrow
Erdős number: 3
birth name: Kenneth Joseph Arrow
date of birth: 1921-08-23
name in native language: Kenneth Joseph Arrow
date of death: 2017-02-21

Sources (10)

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Article

Kenneth Joseph Arrow (August 23, 1921 – February 21, 2017) was an American economist, mathematician and political theorist. He received the John Bates Clark Medal in 1957, and the Nobel Memorial Prize in Economic Sciences in 1972, along with John Hicks.

In economics, Arrow was a major figure in postwar neoclassical economic theory. Four of his students (Roger Myerson, Eric Maskin, John Harsanyi, and Michael Spence) went on to become Nobel laureates themselves. His contributions to social choice theory, notably his "impossibility theorem", and his work on general equilibrium analysis are significant. His work in many other areas of economics, including endogenous growth theory and the economics of information, was also foundational.