- Develops many subjects from Volume 1 (2002) while introducing new themes in welfare economics and social choice theory
- Features four sections: Foundations, Developments of the Basic Arrovian Schemes, Fairness and Rights, and Voting and Manipulation
- Appeals to readers who seek introductions to writings on human well-being and collective decision-making
- Presents a spectrum of material, from initial insights and basic functions to important variations on basic schemes
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