This introductory text explores the theory of social choice. This text is an important starting point for students grappling with the complexities of social choice theory. Rigorous yet accessible, with new chapter exercises, it avoids the use of technical language and provides an up-to-date...

Cover -- CONTENTS -- I. INTRODUCTION -- II. THE NATURE OF PREFERENCE AND CHOICE -- III. THE SOCIAL WELFARE FUNCTION -- IV. THE COMPENSATION PRINCIPLE -- V. THE GENERAL POSSIBILITY THEOREM FOR SOCIAL WELFARE FUNCTIONS -- VI. THE INDIVIDUALISTIC ASSUMPTIONS -- VII. SIMILARITY AS THE BASIS OF...