Game and Economic Theory studies the interactions of decision makers whose decisions affect each other. The analysis is from a rational viewpoint: every participant would like to obtain the outcome that he prefers most. However, each one has to take into account that the others are doing the same--trying to get what they prefer most. At times this leads to fierce competition; at other times, to mutually beneficial cooperation; and in general, to an appropriate combination of these two extreme behaviors. Game theory, which may be viewed as a sort of "unified field" theory for the rational side of social science, develops the theoretical foundations for the analysis of such multi-person interactive situations, and then applies these to many disciplines: economics, political science, biology, psychology. computer science, statistics and law. Foremost among these is economic theory, where game theory is playing a central role.
This volume consists of twenty-two selected contributions to various areas of game and economic theory. These important and pathbreaking contributions are all by former students of Robert J. Aumann, to whom this volume is dedicated. The volume will no doubt shed light on the far-reaching pertinence of game theory and its application to economics, and also on the monumental impact of Aumann on this discipline.
Sergiu Hart is Alice Kusiel de Vorreuter Professor of Mathematical Economics and Director of the Center for Rationality and Interactive Decision Theory, The Hebrew University of Jerusalem. Abraham Neyman is Professor of Mathematics, The Hebrew University of Jerusalem, and Leading Professor of Economics and Mathematics, State University of New York at Stony Brook.

Anthony Downs's An Economic Theory of Democracy is one of the handful of books that reshaped political science in the post-World War II period. Information, Participation, and Choice traces the influence of Downs's ideas on subsequent research on voters, candidates, and parties in the United States and elsewhere.
Since their publication in 1957, Downs's seminal ideas -- tweedledum and tweedledee politics and the "rationality" of political ignorance and nonparticipation on the part of voters--have shaped an ongoing debate about how politics actually work. The debate pits a public-choice model inspired by microeconomic precepts against a traditional textbook model that presumes a responsible, informed, and civic-minded citizenry and a set of elected officials motivated by concern for the public interest and policy convictions.
The essays comprising Information, Participation, and Choice, by leading political scientists and economists, provide both a summary of Downs's key theoretical insights and an empirical examination of how well models inspired by Downs accurately describe U.S. political competition for Congress and the presidency.
Bernard Grofman is Professor of Political Science and Social Psychology, University of California, Irvine.

On the Economic Theory of Socialism was first published in 1938. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.Is socialism workable on economic grounds? “No,” say the chief European critics of socialism – von Mises, Robbins, and von Hayek. “Yes,” say Lange and Taylor in these two papers – the first refutation in English of the objections of these economists.There has been consistent demand for this book since it went out of print in 1944. This reprint is in response to that demand.