Considerations on the Fundamental Principles of Pure Political Economy
Considerations on the Fundamental Principles of Pure Political Economy

Author: Vilfredo Pareto

Publisher: Routledge

Published: 2007-05-07

Total Pages: 193

ISBN-13: 1134149840

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Between May 1892 and October 1893 the Giornale degli Economisti published Vilfredo Pareto’s Considerazioni sui principi fondamentali dell’economia politica pura in five parts. Viewed in its entirety, the outcome is essentially a classic monograph on the fundamental issues in pure economic theory in the Lausanne tradition. Pareto's work forms a document of major historical significance which, to date, has only been available to the relatively small number of international economists and historians of economics who read Italian. This first English language edition is a significant landmark in the history of economics.

Considerations on the Fundamental Principles of Pure Political Economy
Considerations on the Fundamental Principles of Pure Political Economy

Author: Vilfredo Pareto

Publisher: Routledge

Published: 2007-05-07

Total Pages: 208

ISBN-13: 1134149832

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Between May 1892 and October 1893 the Giornale degli Economisti published Vilfredo Pareto’s Considerazioni sui principi fondamentali dell’economia politica pura in five parts. Viewed in its entirety, the outcome is essentially a classic monograph on the fundamental issues in pure economic theory in the Lausanne tradition. Pareto's work forms a document of major historical significance which, to date, has only been available to the relatively small number of international economists and historians of economics who read Italian. This first English language edition is a significant landmark in the history of economics.

Generations of Economists
Generations of Economists

Author: David Collard

Publisher: Routledge

Published: 2012-07-26

Total Pages: 354

ISBN-13: 1136866329

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This book focuses on the interaction between practising economists and previous generations of economists. Because economic problems, such as crashes, tend to recur and are only partially understood, it may be profitable read the work of previous generations in a collaborative spirit. Sometimes this can offer a different perspective on current preoccupations and cause us to reconsider the scope of our much criticised subject. The book gathers together earlier work by the author which appeared in various academic books and journals with the addition of six new chapters. The collection makes for a lively, informative and thought-provoking collection. It will interest anyone with an interest in the history of economics and of economic thought.

Measuring Utility
Measuring Utility

Author: Ivan Moscati

Publisher:

Published: 2019

Total Pages: 345

ISBN-13: 0199372764

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Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.

Vilfredo Pareto: An Intellectual Biography Volume II
Vilfredo Pareto: An Intellectual Biography Volume II

Author: Fiorenzo Mornati

Publisher: Springer

Published: 2019-01-16

Total Pages: 322

ISBN-13: 3030045404

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This three volume series of intellectual biography considers the life, work and impact on economic, social and political theory of the Italian economist, sociologist and political scientist Vilfredo Pareto (1848-1923). This second volume follows Pareto from his time teaching at Lausanne to the juncture in his life where he first began to make theoretical contributions of his own. Mornati considers Pareto’s work on pure economics, general equilibrium, welfare economics and the economic case for socialism, as well as his critical observations of Italian and Swiss public policy.

Introduction to Propriety Economics
Introduction to Propriety Economics

Author: Zhaohui HONG

Publisher: City University of HK Press

Published: 2024-03-28

Total Pages: 377

ISBN-13: 962937689X

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In ancient times, scholars such as Confucius and Aristotle expounded on the virtue of the “middle way” or “intermediate,” an ideal point of moderation or balance between the extremes of human behavior. Adam Smith, widely considered the father of modern economics as we know it, also encouraged propriety in his first work, The Theory of Moral Sentiments. Since then, different schools of economics have continued to incorporate the idea of propriety into their theories, for example in such concepts as equilibrium and bounded rationality, though few economists have defined it explicitly. In light of growing uncertainty and polarization around the world, propriety economics offers alternative solutions for markets, governments, and everyday citizens. This book embarks on a thorough review of Eastern and Western philosophies of propriety over the past 2,500 years, followed by an investigation of the ideas of propriety found in five key schools of economics: classical, neoclassical, institutional, behavioral, and cultural economics. The author then outlines the core principles and recommended practices for the study and implementation of propriety economics in the future. With its unique mixture of theory, literature reviews, methods, and case studies, this book will be useful not only to economic scholars, but also historians, policy makers, and any reader with an interest in making the economy work better for the benefit of all humankind.

The Theory of Value and Distribution in Economics
The Theory of Value and Distribution in Economics

Author: Pierangelo Garegnani

Publisher: Routledge

Published: 2012

Total Pages: 162

ISBN-13: 0415519594

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This new volume explores two alternative economic theories - the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a 'classical' approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa's position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.

Henry A. Abbati
Henry A. Abbati

Author: Henry A. Abbati

Publisher: Taylor & Francis

Published: 2011

Total Pages: 360

ISBN-13: 0415573459

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The work of Henry A. Abbati's was much admired by Robertson and Keynes. This book seeks to restore his position as a pioneer in macroeconomic theory with a selection of his writings demonstrating his contribution to the history of economic thought.