Pareto Efficiency from Lausanne to the United States: The Role of Maurice Allais

Irène Berthonnet
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Irène Berthonnet: LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité, LIRIS - Laboratoire interdisciplinaire de recherche en innovations sociétales - UR2 - Université de Rennes 2

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Abstract: This chapter tells the story of how the concept of Pareto efficiency was shipped from Lausanne to the modern US theory of competitive general equilibrium, focusing on the specific role of Maurice Allais. It identifies similarities in both epistemological approach and theoretical achievements realized first by Pareto, then by Allais, and finally by Debreu and Arrow and Hahn. It also shows that these similarities are not casual, since historical circumstances account for the influence of Pareto on Allais and later of Allais on Arrow and Debreu.

Date: 2024-01-19
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Published in Research in the History of Economic Thought and Methodology, 2024, Research in the History of Economic Thought and Methodology, 41C, pp.109-129. ⟨10.1108/S0743-41542024000041C007⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04402788

DOI: 10.1108/S0743-41542024000041C007

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