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Thinking Outside the Box: Edgeworth, Pareto and the Early History of the Box Diagram

Author

Listed:
  • Michael McLure

    (Business School, The University of Western Australia)

  • Aldo Montesano

    (Bocconi University)

Abstract

This study enhances McLure (2017) by considering the significance Edgeworth’s reciprocal demand curves to the early history of the Edgeworth box. In short, it clarifies Edgeworth’s and Pareto’s respective contributions to the development the Edgeworth box diagram by establishing the relationship between the ‘trade’ representations of Edgeworth’s Figures 1 and 5 and the associated ‘allocation’ representations of those two diagrams. A reconstruction of Edgeworth’s Figure 1 is also provided to make the implicit aspects of his treatment of production explicit. A new early history of the Edgeworth box diagram is also presented.

Suggested Citation

  • Michael McLure & Aldo Montesano, 2018. "Thinking Outside the Box: Edgeworth, Pareto and the Early History of the Box Diagram," Economics Discussion / Working Papers 18-03, The University of Western Australia, Department of Economics.
  • Handle: RePEc:uwa:wpaper:18-03
    Note: MD5 = 6b70c313e326c5525bb6412a7fd04499
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    Cited by:

    1. Michael McLure & Aldo Montesano, 2020. "Extending Edgeworth: Labour Exchange and Production," Economics Discussion / Working Papers 20-08, The University of Western Australia, Department of Economics.

    More about this item

    Keywords

    Box diagram; Edgeworth; Exchange; Pareto; Production;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)

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