Kenneth Joseph Arrow. 23 August 1921—21 February 2017
Author(s) -
K. Vela Velupillai
Publication year - 2019
Publication title -
biographical memoirs of fellows of the royal society
Language(s) - English
Resource type - Journals
eISSN - 1748-8494
pISSN - 0080-4606
DOI - 10.1098/rsbm.2019.0002
Subject(s) - arrow , arrow's impossibility theorem , mathematical economics , impossibility , computability , social choice theory , neoclassical economics , computer science , positive economics , economics , law , political science , algorithm , programming language
Kenneth Arrow was a mathematical economist and political scientist who made many ground-breaking contributions to the theory of economics and social values. His great mathematical ability led him to introduce new approaches to theoretical economics and in particular to a series of fundamental theorems in the discipline. These included the Arrow Impossibility Theorem, the two fundamental theorems of welfare economics and the existence of a competitive equilibrium. For these and many other contributions he was awarded the 1972 Nobel Prize in Economics shared with Sir John Hicks. He took a particular interest in computation and computability in economics. He was active and very productive as a researcher for over seven decades and was renowned as a generous and inspiring teacher and colleague.
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