What is the book you have given most as a gift, and why?
@amartya-sen
It was not long after Kenneth Arrow's path-breaking study of social choice, Social Choice and Individual Values, was published in New York in 1951, that my brilliant co-student Sukhamoy Chakravarty drew my attention to the book and to Arrow's stunning "impossibility theorem" (this must have been in the early months of 1952). Sukhamoy too was broadly attracted by the left, but also worried about political authoritarianism, and we discussed the implications of Arrow's demonstration that no non-dictatorial social choice mechanism may yield consistent social decisions.