About the Author
Kenneth J. Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus at Stanford University and winner of the the Nobel Prize in Economics in 1972. He is considered one of the founders of modern (post World War II) neo-classical economics. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and information economics. He was one of the recipients of the 2004 National Medal of Science, America's highest scientific honor, presented by President George W. Bush for his contributions to research on the problem of making decisions using imperfect information and his research on bearing risk. Ken Arrow's impact on the economics profession has been tremendous and for more than fifty years he has been one of the most listened to of all practicing economists.Michael D. Intriligator is Professor Emeritus of Economics, Political Science, and Policy Studies at the University of California, Los Angeles (UCLA), where he is also Co-Director of the Jacob Marschak Interdisciplinary Colloquium on Mathematics in the Behavioral Sciences. In addition, he is a Senior Fellow at the Milken Institute in Santa Monica, a Senior Fellow of the Gorbachev Foundation of North America in Boston, a Foreign Member of the Russian Academy of Science, and a Fellow of the American Association for the Advancement of Science. He received his Ph.D. in Economics at MIT in 1963 and the same year joined the UCLA Department of Economics. He teaches courses in economic theory, econometrics, mathematical economics, international relations, and health economics, and he has received several distinguished teaching awards.Michael D. Intriligator is Professor Emeritus of Economics, Political Science, and Policy Studies at the University of California, Los Angeles (UCLA), where he is also Co-Director of the Jacob Marschak Interdisciplinary Colloquium on Mathematics in the Behavioral Sciences. In addition, he is a Senior Fellow at the Milken Institute in Santa Monica, a Senior Fellow of the Gorbachev Foundation of North America in Boston, a Foreign Member of the Russian Academy of Science, and a Fellow of the American Association for the Advancement of Science. He received his Ph.D. in Economics at MIT in 1963 and the same year joined the UCLA Department of Economics. He teaches courses in economic theory, econometrics, mathematical economics, international relations, and health economics, and he has received several distinguished teaching awards.Kenneth J. Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus at Stanford University and winner of the the Nobel Prize in Economics in 1972. He is considered one of the founders of modern (post World War II) neo-classical economics. His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem", and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and information economics. He was one of the recipients of the 2004 National Medal of Science, America's highest scientific honor, presented by President George W. Bush for his contributions to research on the problem of making decisions using imperfect information and his research on bearing risk. Ken Arrow's impact on the economics profession has been tremendous and for more than fifty years he has been one of the most listened to of all practicing economists.