Cover: Collected Papers of Kenneth J. Arrow, Volume 4: The Economics of Information in HARDCOVER

Collected Papers of Kenneth J. Arrow, Volume 4: The Economics of Information

Add to Cart

Product Details

HARDCOVER

$116.50 • £93.95 • €105.00

ISBN 9780674137639

Publication Date: 10/04/1984

Short

296 pages

6-1/8 x 9-1/4 inches

9 line illustrations; 5 tables

Belknap Press

Collected Papers of Kenneth J. Arrow

World

Unlike the papers of some other great economists, those of Kenneth Arrow are being read and studied today with even greater care and attention than when they first appeared in the journals. The publication of his collected papers will therefore be welcomed by economists and other social scientists and in particular by graduate students, who can draw from them the deep knowledge and the discernment in selection of scientific problems that only a master can offer. The author has added headnotes to certain well-known papers, describing how he came to write them.

This volume begins with Arrow’s papers on statistical decision theory, which served as a foundation for his work on the economics of information. As he writes in his preface, “Statistical method was an example for the acquisition of information. In a world of uncertainty, it was no great leap to realize that information is valuable in an economic sense.” The later, applied papers, which operationalize the theory of the early ones, include essays on the demand for information, the economic value of screening devices, and the effect of incomplete information on the structure of organizations, futures markets, and insurance.

Recent News

From Our Blog

Photo of Lucia Jacobs as a child sitting next to Oaky

How to Plant a Forest

For this week’s University Press Week Blog Tour, Lucia Jacobs offers us a glimpse of environmental stewardship as seen through the activities of the ubiquitous squirrel, a species native to the Americas, Africa, and Eurasia from the Eocene Epoch onward. Lucia Jacobs is Professor of Psychology and Neuroscience at the

‘manifold glories of classical Greek and Latin’

The digital Loeb Classical Library (loebclassics.com) extends the founding mission of James Loeb with an interconnected, fully searchable, perpetually growing virtual library of all that is important in Greek and Latin literature.