Two Views on Pareto’s Current Relevance*: Warren Samuel’s Foreword to Pareto, Economics and Society

Michael McLure
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Michael McLure: University of Western

Chapter 9 in From Walras to Pareto, 2006, pp 117-138 from Springer

Abstract: Abstract In the “Foreword” to the book Pareto, Economics and Society: The Mechanical Analogy, Warren Samuels observes that, in contrast to his own Paretian research, McLure reformulates and extends Pareto in the ‘modern mode.’ This presentation considers McLure’s Paretian approach to government and policy in light of Samuels’ concerns with that approach, especially the reliance on stable and unstable equilibrium analysis and the importance of the methodological distinction between the ‘form’ and ‘substance’ of phenomena. It is concluded that, just as ‘special’ sociology is complemented by Pareto’s ‘general’ sociology, so to is Samuels’ Pareto on Policy complemented by McLure’s approach to Pareto.

Keywords: Pareto; Policy; Path-dependence; Euilibrium; Conformity; Non-Conformity; B3 (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/978-0-387-33757-9_9

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