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Vilfredo Pareto and the Birth of Modern Microeconomics (Hardcover)
Loot Price: R2,791
Discovery Miles 27 910
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Vilfredo Pareto and the Birth of Modern Microeconomics (Hardcover)
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Total price: R2,811
Discovery Miles: 28 110
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There has been a recent resurgence of interest in the work of
Vilfredo Pareto, one of the founders of modern economics. This book
reconstructs the genesis and significance of Pareto's theory of
choice which is Pareto's greatest contribution to economic science
and which was used by John Hicks, amongst others, to develop
microeconomics. Hicks, Allen, Samuelson and others acknowledged
Pareto as the father of the new ordinalist microeconomics but at
the same time, portrayed him as confused and contradictory, caught
between the old and new paradigms. Luigino Bruni argues that
Pareto's revolution in choice theory is better understood in the
context of his own philosophical framework. This framework is
revealed by reconstructing his dialogues with economists
(Pantaleoni) and philosophers (Vailati and Croce), and by exploring
Pareto's economic theory in the light of his philosophy of science.
In addition, Luigino Bruni argues that Pareto's contribution was
different and more complex than Hicks's ordinalism and Samuelson's
operationalism. From this analysis emerges an image of Pareto as a
man whose ideas and work was only partially fulfilled. This
original and sometimes unconventional book will be of great
interest to economists, historians of economic thought and
philosophers of the social sciences.
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