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Twenty Years in Industry Management

In: Vilfredo Pareto: An Intellectual Biography Volume I

Author

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  • Fiorenzo Mornati

    (University of Turin)

Abstract

The most familiar facet of Pareto’s biography prior to his period in Lausanne is the 20 years he spent at the helm of a major metallurgical group in Tuscany, one of the most important entities in the nascent Italian iron industry. Hence, after a brief description, in Sect. 4.1 of the chapter, of his short-lived and turbulent involvement with a railway company, in Sect. 4.2 a detailed reconstruction is provided of the intense eight-year period he spent in the management of the ironworks at San Giovanni Valdarno. Among the aspects examined will be his stance of constructive criticism with regard to the fundamentals of corporate finance, his attempts to resuscitate the business through technological modernisation and through the implementation of an aggressive commercial strategy, and his complex but caring relations with the workforce, which amply account for the disenchantment he later demonstrated towards humanitarian ideas.

Suggested Citation

  • Fiorenzo Mornati, 2018. "Twenty Years in Industry Management," Palgrave Studies in the History of Economic Thought, in: Vilfredo Pareto: An Intellectual Biography Volume I, chapter 4, pages 51-125, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-319-92549-3_4
    DOI: 10.1007/978-3-319-92549-3_4
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