Abstract
AbstractKenneth Joseph Arrow is a great American economist, a founder of post‐World War II economic theory. Arrow drew the foundations of market economics, created social choice theory, defined the economics of risk and uncertainty, and provided fundamental concepts of financial economics, and of welfare and environmental economics. Arrow is known as one of the most important economists of the twentieth century. Born in 1921 in New York City to Harry and Lilian Arrow, he graduated from Townsend Harris High School and earned a bachelor's degree from the City College of New York studying under Alfred Tarski. After graduating in 1940, he went to Columbia University and after a hiatus caused by World War II, when he served with the Weather Division of the Army Air Forces, he returned to Columbia to study under the great statistician Harold Hotelling.
Reference21 articles.
1. Alternative Approaches to the Theory of Choice in Risk-Taking Situations
2. Le Role des Valeurs Boursières pour la Repartition la Meilleure des Risques;Arrow K.;Econométrie,1953
3. Uncertainty and the Welfare Economics of Medical Care;Arrow K.;American Economic Review,1953