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Legacy of Kenneth J. Arrow

Last year passed off J. K. Arrow, Nobel price laurate. His ideas enriched many scientific fields among which social and political philosofy, mathematical programming and others. But his main findings are on economic field such as impossibity theorem and public choice theory to mention the most important. The paper describes main Arrow´s publications and their impact both to economic theory and political practice. The paper summarizes main life milestones as well.