Limits of Organization - (Fels Lectures on Public Policy Analysis) by Kenneth J Arrow (Paperback)

The book "Allocation of Scarce Resources" by Kenneth J.

Arrow is a groundbreaking analysis of how human beings organize their common lives to overcome the basic economic problem of allocating scarce resources.

This comprehensive volume explores the price system, government, internal organization of firms, and ethical and moral principles as means of achieving efficient allocation of resources.

Arrow examines the successes and failures of these systems and argues that organizations must balance power and responsibility to ensure effective decision-making.

With a foreword by the Nobel Laureate himself, this book is a must-read for anyone interested in understanding how society allocates resources and makes decisions.