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Since the early 1970s, following the pioneering work of Leo Hurwicz, economists have been studying the relationship between socially optimal goals and private self-interest. The task was to reconcile the Utopian and Hobbesian traditions, using game theory to find ways to organize the society that are both socially optimal and incentive-compatible.
The book provides a succinct and up-to-date account of this vast literature and will be welcomed by students, lecturers and anyone wishing to update their knowledge of the field.
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Subjects
| Edition | Availability |
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1
The theory of implementation of socially optimal decisions in economics
1996, Macmillan
in English
0333657942 9780333657942
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2
The theory of implementation of socially optimal decisions in economics
1996, St. Martin's Press
in English
0312159536 9780312159535
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Book Details
Edition Notes
Includes bibliographical references (p. 156-158) and index.


