Did Pareto's Sociology Ever Have a Place in Economics?

Bruce Elmslie and Travis Freidman
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Bruce Elmslie: University of New Hampshire - Paul College of Business and Economics
Travis Freidman: University of New Hampshire - Paul College of Business and Economics

Il Pensiero Economico Italiano, 2016, vol. 24, issue 2, 43-59

Abstract: This paper addresses the question of why Pareto’s sociology has not attracted a major following within economics or sociology. We criticize Pareto’s sociology for the internal inconsistency of its conception of non-logical action, and address limitations in the applicability of his analysis of residues via the sex residue. We also argue that developments in the theory of economic policy by Sidgwick, Marshall, and Pigou created a more user friendly platform for addressing many of the questions that Pareto set out to understand in his sociology, leaving economists little incentive to follow Pareto’s path.

Keywords: Vilfredo Pareto; sociology; sex residue; non-logical action; market failure (search for similar items in EconPapers)
JEL-codes: B13 Z13 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pei:journl:v:24:y:2016:2:4:p:43-59

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