Arrow's theorem holds when the set of alternatives is an Edgeworth hyp
erbox and the individuals have classical economic preferences over the
ir consumption sets. (Free disposability is not assumed.) By classical
individual preferences we mean preorders satisfying continuity, stric
t convexity, strict monotonicity, and selfishness. A minor, but notewo
rthy, accomplishment is the development of a general technique for ext
ending two-commodity impossibility theorems to the general m-commodity
counterpart.