Social Choice and Individual Values (book)

*Social Choice and Individual Values* is a book by Kenneth Arrow that explores how societies can make fair collective decisions based on individual preferences. It examines the challenges in aggregating diverse opinions into a single, consistent social preference, highlighting that certain logical and fairness criteria cannot all be satisfied simultaneously. The work introduces the famous "Arrow's Impossibility Theorem," showing that no voting system perfectly captures everyone's choices without some flaws. Overall, the book provides a foundational understanding of the mathematical and philosophical issues involved in collective decision-making processes.