IDEAS home Printed from https://ideas.repec.org/a/pei/journl/v24y201626p79-88.html
   My bibliography  Save this article

Beyond Welfarism: Welfare Economics in Pareto's Treatise

Author

Listed:
  • Mario Pomini

    (University of Padua - Department of Economics and Management)

Abstract

Pareto’s contribution to the study of economic welfare is probably his most important contribution to economic science. The first theorem was invented by Vilfredo Pareto in 1906 and it was subsequently forgotten. Only after the Second World War it has been rediscovered, becoming the canonical tool of the welfare economics. In Pareto’s welfare theory it is not possible to find something similar to the second fundamental theorem of welfare. In this contribution I will explore essentially two aspects relatively unnoticed. The first is the relevance of the distinction operated by Pareto of the utility for the collectivity and of the collectivity in terms of social welfare. The second is the relationships of the welfare function proposed by Pareto with the subsequent evolution of the literature on this topic. We will see that the Pareto’s position is immune from some criticism of the welfarism, i.e., the typical assumption advanced by the economists

Suggested Citation

  • Mario Pomini, 2016. "Beyond Welfarism: Welfare Economics in Pareto's Treatise," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 24(2), pages 79-88.
    • Handle: RePEc:pei:journl:v:24:y:2016:2:6:p:79-88
    as

    Download full text from publisher

    File URL: http://www.libraweb.net/articoli.php?chiave=201606302&rivista=63
    Download Restriction: Access to full text is restricted to subscribers
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    History of welfare economics; Pareto; social welfare function;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pei:journl:v:24:y:2016:2:6:p:79-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo Cristiano (email available below). General contact details of provider: http://www.libraweb.net .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.