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Sparks from Arrow’s Anvil

In: Arrow and the Foundations of the Theory of Economic Policy

Author

Listed:
  • Paul A. Samuelson

Abstract

In the first of his 1985 Tanner Lectures at Harvard, Kenneth Arrow suggested that the doctrine of extended sympathy might, so to speak, come to the rescue of economists and philosophers left bereft by the Impossibility Theorem (according to which no social-choice function exists that satisfies a set of reasonable axioms of consistency, transitivity, independence or irrelevant alternatives, and …). Specifically, he made reference to the pre-Rawls suggestions of William Vickrey (1945) and of John C. Harsanyi (1955) as providing related derivations of additive interpersonal utilities by reliance on certain elements of extended sympathy.

Suggested Citation

  • Paul A. Samuelson, 1987. "Sparks from Arrow’s Anvil," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Arrow and the Foundations of the Theory of Economic Policy, chapter 3, pages 154-178, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07357-3_4
    DOI: 10.1007/978-1-349-07357-3_4
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