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Kenneth Arrow

Kenneth Arrow was an American economist who made significant contributions to the fields of economic theory, social choice theory, and general equilibrium analysis. He was awarded the Nobel Memorial Prize in Economic Sciences in 1972 for his contributions to the theory of economic equilibrium and the role of markets in the allocation of resources.

Some of Arrow's most significant contributions to economics include the Arrow Impossibility Theorem, which demonstrated that it is impossible to design a voting system that satisfies certain desirable criteria, and the Arrow-Debreu model of general equilibrium, which provided a mathematical framework for analyzing the behavior of markets. Arrow was also a pioneer in the field of health economics and made important contributions to the study of environmental economics and the economics of information.

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