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A New Pure Economics

In: Vilfredo Pareto: An Intellectual Biography Volume III

Author

Listed:
  • Fiorenzo Mornati

    (University of Turin)

Abstract

In the decade following his address at the “Stella” student association in Lausanne and culminating in the publication of the French version of his Manual of Political Economy, Pareto’s conception of theoretical (or “pure”) economics, hitherto constituting an introduction to the field of applied economics which followed broadly in the footsteps of Walras, appears to have undergone a definitive and largely self-sustained development which was distinctly original, even if never disconnected from Pareto’s other interests in the social sciences. Hence, in this chapter, we will describe his ground-breaking theory of choice (Sects. 1.1 and 1.2) as well as the aspects of the Manual which display innovations in relation to Pareto’s economic thinking of the immediately preceding period (Sect. 1.3). We will then characterise the definitive description of pure economics offered by Pareto (Sect. 1.4) together with a selection of his critical—and self-critical—remarks on the discipline (Sect. 1.5).

Suggested Citation

  • Fiorenzo Mornati, 2020. "A New Pure Economics," Palgrave Studies in the History of Economic Thought, in: Vilfredo Pareto: An Intellectual Biography Volume III, chapter 0, pages 1-51, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-030-57757-5_1
    DOI: 10.1007/978-3-030-57757-5_1
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