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Two Views on Pareto’s Current Relevance*: Warren Samuel’s Foreword to Pareto, Economics and Society

In: From Walras to Pareto

Author

Listed:
  • Michael McLure

    (University of Western)

Abstract

In the “Foreword” to the book Pareto, Economics and Society: The Mechanical Analogy, Warren Samuels observes that, in contrast to his own Paretian research, McLure reformulates and extends Pareto in the ‘modern mode.’ This presentation considers McLure’s Paretian approach to government and policy in light of Samuels’ concerns with that approach, especially the reliance on stable and unstable equilibrium analysis and the importance of the methodological distinction between the ‘form’ and ‘substance’ of phenomena. It is concluded that, just as ‘special’ sociology is complemented by Pareto’s ‘general’ sociology, so to is Samuels’ Pareto on Policy complemented by McLure’s approach to Pareto.

Suggested Citation

  • Michael McLure, 2006. "Two Views on Pareto’s Current Relevance*: Warren Samuel’s Foreword to Pareto, Economics and Society," The European Heritage in Economics and the Social Sciences, in: Jürgen G. Backhaus & J. A. Hans Maks (ed.), From Walras to Pareto, chapter 9, pages 117-138, Springer.
    • Handle: RePEc:spr:euhchp:978-0-387-33757-9_9
    DOI: 10.1007/978-0-387-33757-9_9
    as

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