Berthonnet, Irène; Desreumaux, Vincent - In: Cahiers d’économie politique / Papers in Political … (2014) 66, pp. 95-126
The paper tries to clarify the status of the market in Social Choice and Individual Values. It shows how Arrow at first intended to propose a third theorem of welfare economics (Feldman [1991]), which would show that the market achieves not only Pareto-optimality, but also equitable social...