New Essays on Pareto's Economic Theory

Luigino Bruni,Aldo Montesano

• Publisher: Routledge
• Year: 2009
• ISBN:
  9781134105175
• Edition: 1
• Topic: Business
• Subtopic: Business General
• Index: Business

Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics.

Based on Pareto's groundbreaking 'Manuale di Economia Politica', this edited collection brings together a selection of essays from some of the most authoritative scholars of Pareto, who discuss the relevance of Pareto's economics in the context of the present theoretical debate.

Table of contents

• Cover Page
• Title Page
• Copyright Page
• List of illustrations
• List of contributors
• Introduction
• 1 Pareto’s methodological project
• 2 Pareto and contemporary economic theory
• 3 Choice, preference and rationalizability in Pareto’s theory of economic behaviour
• 4 Walras and Pareto on the meaning of the solution concept in general equilibrium theory
• 5 Equilibrium without prices: a central issue in Pareto’s Manuale
• 6 Pareto’s influence on modern economics
• 7 Vilfredo Pareto and contemporary economics: social equilibrium, fiscal decentralisation and economic growth
• 8 An analytical–epistemological reconstruction of the genesis of Pareto’s Manuale di Economia Politica
• 9 Pareto on Ricardo and Bastable’s comparative costs
• 10 The Paretian theory of ophelimity in closed and open cycles
• 11 Order of consumption and measurability of utility