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Vilfredo Pareto was one of the great systems theorists of the 20th century, embracing economics, psychology, sociology and politics. In this work, Michael McLure takes as his subject of study the rapport between Pareto's economic and sociological theories, and consequently illuminates the role of economics in public policy development. A central theme running through this book is the overarching role of the "mechanical analogy" in all of Pareto's work. Important aspects and implications of Pareto's work considered by the author include: relations between pure economic theory and general sociology; the problem of collective economic welfare; the juxtaposition of Pareto's political sociology to Buchanan's public choice/constitutional economics; Pareto and methodology; and implications for public policy and government
Vilfredo Pareto was one of the great systems theorists of the twentieth century, embracing economics, psychology, sociology and politics. In this important work, Michael McLure takes as his subject of study the rapport between Pareto's economic and sociological theory, and consequently, illuminates the role of economics in public policy development.
Like all great intellectual pioneers, Wassily Leontief has inspired
a new generation of researchers. This collection contains key
articles that critically assess Leontief's contribution to
economics, as well as a number of articles that build on his
economic theories.
This collection presents a detailed overview of Pareto's vast
intellectual legacy and considers both theoretical and applied
contributions.
Vilfredo Pareto's Manual of Political Economy is a "classic" study
in the history of economic thought for many reasons, the most
noteworthy of which include the setting of general equilibrium
economics within a choice theoretic framework based on the
opposition between tastes and obstacles; the definitive formulation
of economic efficiency, including the surplus approach to
collective welfare; the technically flawed but nonetheless
insightful treatment of path dependence in consumer theory; and the
introduction of non-competitive market analysis to the general
equilibrium economics. In so doing, Pareto's general study of
economic equilibrium not only substantially extended the
contributions to economic theory made by Leon Walras, his
predecessor in the Chair of Political Economy at the University of
Lausanne, it did so in a manner that was often contrary to Walras's
own thinking on the formalisation of economic theory.
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