 Kenneth Arrow, moral obligations, and public policiesSususmu Cato () and Adrien Lutz No 1841, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon Abstract: Kenneth Arrow is a founder of the social choice theory as well as a main developer of modern theories of market economies. Moral obligations and social norms are at the core of Arrow's ethical considerations to understand and overcome his well-known impossibility theorem of preference aggregation. Interestingly, he thinks that moral obligations and social norms are very important to overcome failures of market economies. Also, he proposed some interaction between public policies and evolution of social norms. Here, we can find a consistent and systematic thinking of Arrow's ethical considerations, which might be overlooked in spite of its importance. We believe that Arrow has political philosophy (or a theory of justice), which is quite useful to understand recent developments of behavioral economics and theories of non-market economies. Arrow's thought is totally different from Amartya Sen and John Rawls, which are dominant in modern theories of justice. Arrow's approach can shed some new lights on the subject of social justice. Keywords: Efficiency; Equity; Social justice; Moral obligation; Social choice; Communitarianism (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1841 Access Statistics for this paper More papers in Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.