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Economics or Political Economy? Marshall and Pareto as Mill?s Heirs

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  • Alberto Zanni

Abstract

The a. intends to demonstrate that Marshall and Pareto are descendants of S. Mill?s social science. To this end, he starts by answering a question neglected by experts on Marshall: Alfred and Mary Paley Marshall adopted "Economics" instead of "Political Economy" going on the basis of the "fundamental theorem of political science" legible in Mill?s System of Logic. As far as Pareto is concerned, the a. holds that: a) his maximum of utility in Sociology is as well tied to that "fundamental theorem" of Mill; b) Pareto had fully recognized his intellectual debt towards Mill. He did so by following a rule he had always respected, except for Cournot. The present essay is one of two the a. commits to two questions: which are Pareto?s intellectual debts? Has he always recognized them?

Suggested Citation

  • Alberto Zanni, 2010. "Economics or Political Economy? Marshall and Pareto as Mill?s Heirs," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2010(101), pages 55-65.
    • Handle: RePEc:fan:steste:v:html10.3280/ste2010-101003
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    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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