Handbook of Social Choice and Welfare

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The literature of social choice investigates individual and societal preferences as well as a collective rationality by drawing on a combination of economic theory, philosophical perspectives, and historical records. This volume, edited by the leaders of social choice theory, presents broad yet detailed examinations of its antecedents, its growth and increasing sophistication, and its potential paths of future development. Its contributors record the controversies, the breakthrough concepts, the inherent tension between public welfare and individual rights, and the limitations of their tools. A volume without peers, this collection of original essays captures the infinite variety of responses to this challenging economic domain.