Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics.
Based on Pareto’s groundbreaking ‘Manuale di Economia Politica’, this edited collection brings together a selection of essays from some of the most authoritative scholars of Pareto, who discuss the relevance of Pareto’s economics in the context of the present theoretical debate.
Table of Contents
Introduction, Aldo Montesano & Luigino Bruni, 1.Pareto's Methodological Project, Luigino Bruni, 2. Pareto and Contemporary Economic Theory, John S. Chipman, 3. Choice, Preference and Rationalizability in Pareto's Theory of Economic Behavior, Marco Dardi, 4. Walras and Pareto on the Meaning of the Solution Concept in General Equilibrium Theory, Franco Donzelli, 5. Equilibrium Without Prices: A Central Issue in Pareto's Manual, Antonio Gay, 6. At the Origin of Post-War Mainstream of Economics, Roberto Marchionatti, 7. Vilfredo Pareto and Contemporary Economics, Michael McLure, 8. An Analytical-Epistemological Reconstruction of the Genesis of Pareto's Manuale di Economia Politica, Fiorenzo Mornati, 9. Pareto and Cournot, Alberto Zanni, 10. The Paretian Theory of Ophelimity in Closed and Open Cycles, Aldo Montesano, 11. Order of Consumption and Measurability of Utility, Paolo Scapparone
Luigino Bruni is Associate Professor of Economics at the University of Milan-Bicocca, Italy.
Aldo Monesano is Professor of Political Economy at the University of Bocconi, Italy.
'This book deserves a wide audience among historians of economic thought, economic methodologists, and microeconomists. It is a worthy centenary tribute to Pareto’s Manual.' Chris Weber (Seattle University, USA)