Table of Contents

Part I. Social Choice: 1. Consequentialist social norms for public decisions Peter J. Hammond; 2. Information and invariance in normative choice Amartya Sen; 3. Utilitarian morality in a world of very half-hearted altruists John C. Harsanyi; 4. On the implementation of social choice rules in irrational societies Leonid Hurwicz; 5. Walrasian social choice: some simple axiomatic approaches Louis Gevers; Part II. Decision Making in the Public Sector: 6. Testing for optimality in the absence of convexity Herbert E. Scarf; 7. Toward a theory of planning Michael D. Intriligator and Eytan Sheshinski; 8. On the social risk premium David A. Starrett; 9. A problem of financial market equilibrium when the timing of tax payments is indeterminate David F. Bradford; 10. The shadow price of capital: implications for the opportunity cost of public programs, the burden of the debt, and tax reform Robert C. Lind.

Promotional Information

The first of three volumes of essays in honour of the distinguished economic theorist Professor Kenneth J. Arrow.