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Quotes from The Limits Of Organization — Kenneth Arrow

1921–2017 United States

← All quotes by Kenneth Arrow

6 quotes

Collective action is a means of power, a means by which individuals can more fully realize their individual values.

The Limits Of Organization (1974)

As is by now well known, attempts to form social judgments by aggregating individual expressed preferences always lead to the possibility of paradox.

The Limits Of Organization (1974)

The purpose of organizations is to exploit the fact that many (virtually all) decisions require the participation of many individuals for their effectiveness.

The Limits Of Organization (1974)

Uncertainty means that we do not have a complete description of the world which we fully believe to be true.

The Limits Of Organization (1974)

It is this thinking which I think gives rise to the greatest tragedies of history, this sense of commitment to a past purpose which reinforces the original agreement precisely at a time when experience has shown that it must be reversed.

The Limits Of Organization (1974)

In eras when authority or at least specific authorities have been questioned, there is more tendency to examine the roots of and the need for authority. The owl of Minerva flies not in the dusk but in the storm.

The Limits Of Organization (1974)

Attribution

Quotes and notes from Wikiquote: Kenneth Arrow (page history), available under CC BY-SA 4.0.