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A New Pure Economics

Fiorenzo Mornati ()
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Fiorenzo Mornati: University of Turin

Chapter Chapter 1 in Vilfredo Pareto: An Intellectual Biography Volume III, 2020, pp 1-51 from Palgrave Macmillan

Abstract: 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).

Keywords: Manual of Political Economy; Theoretical economics; Walras; Theory of choice; Pure economics (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-57757-5_1

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DOI: 10.1007/978-3-030-57757-5_1

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