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Did Pareto's Sociology Ever Have a Place in Economics?

Author

Listed:
  • Bruce Elmslie

    (University of New Hampshire - Paul College of Business and Economics)

  • Travis Freidman

    (University of New Hampshire - Paul College of Business and Economics)

Abstract

This paper addresses the question of why Pareto’s sociology has not attracted a major following within economics or sociology. We criticize Pareto’s sociology for the internal inconsistency of its conception of non-logical action, and address limitations in the applicability of his analysis of residues via the sex residue. We also argue that developments in the theory of economic policy by Sidgwick, Marshall, and Pigou created a more user friendly platform for addressing many of the questions that Pareto set out to understand in his sociology, leaving economists little incentive to follow Pareto’s path.

Suggested Citation

  • Bruce Elmslie & Travis Freidman, 2016. "Did Pareto's Sociology Ever Have a Place in Economics?," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 24(2), pages 43-59.
    • Handle: RePEc:pei:journl:v:24:y:2016:2:4:p:43-59
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    More about this item

    Keywords

    Vilfredo Pareto; sociology; sex residue; non-logical action; market failure;
    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)
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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