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Considerations on the Fundamental Principles of Pure Political Economy Considerations on the Fundamental Principles of Pure Political Economy (Considerazioni sui principi fondamentali dell’economia pura) was originally published as a series of five articles in the Giornale degli Economisti between May 1892 and October 1893. They were the first systematic representation of Vilfredo Pareto’s contribution to pure economics and their publication in this volume in English closes a serious gap in the knowledge of the work of one of the founders of modern economic science. In the book, Pareto deals with an impressively wide range of subjects including the nature and the limits of the new theories of marginalist econ- omics, the use of mathematics in economics, the problem of method and the hedonistic hypothesis, the concept of homo œconomicus and, last but not least, the concept of final degree of utility. These reflections make the Considerations an assessment of the state of the new economic theories expounded in a mathematical form at the beginning of the 1890s. These papers have exerted a great deal of influence in the sub- sequent development of economic theory. As such, the volume can be con- sidered required reading for all serious economists across the world. Roberto Marchionatti is Professor of Economics at the University of Torino, Italy. He has been a Visiting Scholar in Economics at New York University and at the University of Cambridge, UK. Fiorenzo Mornati is Assistant Professor of Economics at the University of Torino, Italy. He has been Assistant de Recherche at the University of Lausanne (Centre Walras-Pareto), Switzerland. Routledge Studies in the History of Economics 1 Economics as Literature 12 Austrian Economics in Debate Willie Henderson Edited by Willem Keizer, Bert Tieben and Rudy van Zijp 2 Socialism and Marginalism in Economics 1870–1930 13 Ancient Economic Thought Edited by Ian Steedman Edited by B. B. Price 3 Hayek’s Political Economy The socio-economics of order 14 The Political Economy of Social Steve Fleetwood Credit and Guild Socialism Frances Hutchinson and Brian Burkitt 4 On the Origins of Classical Economics 15 Economic Careers Distribution and value from William Economics and economists in Britain Petty to Adam Smith 1930–1970 Tony Aspromourgos Keith Tribe 5 The Economics of Joan Robinson 16 Understanding ’Classical’ Economics Edited by Maria Cristina Marcuzzo, Studies in the long-period theory Luigi Pasinetti and Alesandro Heinz Kurz and Neri Salvadori Roncaglia 6 The Evolutionist Economics of Léon 17 History of Environmental Economic Walras Thought Albert Jolink E. Kula 7 Keynes and the ’Classics’ 18 Economic Thought in Communist and A study in language, epistemology Post-Communist Europe and mistaken identities Edited by Hans-Jürgen Wagener Michel Verdon 19 Studies in the History of French 8 The History of Game Theory, Vol. 1 Political Economy From the beginnings to 1945 From Bodin to Walras Robert W. Dimand and Mary Ann Edited by Gilbert Faccarello Dimand 9 The Economics of W. S. Jevons 20 The Economics of John Rae Sandra Peart Edited by O. F. Hamouda, C. Lee and D. Mair 10 Gandhi’s Economic Thought Ajit K. Dasgupta 21 Keynes and the Neoclassical Synthesis Einsteinian versus Newtonian 11 Equilibrium and Economic Theory macroeconomics Edited by Giovanni Caravale Teodoro Dario Togati 22 Historical Perspectives on 33 Contributions to the History of Macroeconomics Economic Thought Sixty years after the ‘General Theory’ Essays in honour of R. D. C. Black Edited by Philippe Fontaine and Edited by Antoin E. Murphy and Albert Jolink Renee Prendergast 23 The Founding of Institutional 34 Towards an Unknown Marx Economics A commentary on the manuscripts of The leisure class and sovereignty 1861–63 Edited by Warren J. Samuels Enrique Dussel 24 Evolution of Austrian Economics 35 Economics and Interdisciplinary From Menger to Lachmann Exchange Sandye Gloria Edited by Guido Erreygers 25 Marx’s Concept of Money 36 Economics as the Art of Thought The god of commodities Essays in memory of G. L. S. Shackle Anitra Nelson Edited by Stephen F. Frowen and Peter Earl 26 The Economics of James Steuart 37 The Decline of Ricardian Economics Edited by Ramón Tortajada Politics and economics in post- Ricardian theory 27 The Development of Economics in Susan Pashkoff Europe since 1945 Edited by A. W. Bob Coats 38 Piero Sraffa His life, thought and cultural heritage 28 The Canon in the History of Alessandro Roncaglia Economics Critical essays 39 Equilibrium and Disequilibrium in Edited by Michalis Psalidopoulos Economic Theory The Marshall-Walras divide 29 Money and Growth Michel de Vroey Selected papers of Allyn Abbott Young 40 The German Historical School Edited by Perry G. Mehrling and The historical and ethical approach Roger J. Sandilands to economics Edited by Yuichi Shionoya 30 The Social Economics of Jean- Baptiste Say 41 Reflections on the Classical Canon in Markets and virtue Economics Evelyn L. Forget Essays in honour of Samuel Hollander 31 The Foundations of Laissez-Faire Edited by Sandra Peart and Evelyn The economics of Pierre de Forget Boisguilbert Gilbert Faccarello 42 Piero Sraffa’s Political Economy A centenary estimate 32 John Ruskin’s Political Economy Edited by Terenzio Cozzi and Roberto Willie Henderson Marchionatti 43 The Contribution of Joseph 52 Competing Economic Theories Schumpeter to Economics Essays in memory of Giovanni Economic development and Caravale institutional change Sergio Nisticò and Domenico Tosato Richard Arena and Cecile Dangel 53 Economic Thought and Policy in Less 44 On the Development of Long-run Neo- Developed Europe Classical Theory The nineteenth century Tom Kompas Edited by Michalis Psalidopoulos and Maria-Eugenia Almedia Mata 45 F. A. Hayek as a Political Economist Economic analysis and values 54 Family Fictions and Family Facts Edited by Jack Birner, Pierre Harriet Martineau, Adolphe Quetelet Garrouste and Thierry Aimar and the population question in England 1798–1859 46 Pareto, Economics and Society Brian Cooper The mechanical analogy Michael McLure 55 Eighteeth-Century Economics Peter Groenewegen 47 The Cambridge Controversies in Capital Theory 56 The Rise of Political Economy in the A study in the logic of theory Scottish Enlightenment development Edited by Tatsuya Sakamoto and Jack Birner Hideo Tanaka 48 Economics Broadly Considered 57 Classics and Moderns in Economics, Essays in honour of Warren J. Vol. 1 Samuels Essays on nineteenth and twentieth Edited by Steven G. Medema, Jeff century economic thought Biddle and John B. Davis Peter Groenewegen 49 Physicians and Political Economy 58 Classics and Moderns in Economics, Six studies of the work of doctor- Vol. 2 economists Essays on nineteenth and twentieth Edited by Peter Groenewegen century economic thought Peter Groenewegen 50 The Spread of Political Economy and the Professionalisation of Economists 59 Marshall’s Evolutionary Economics Economic societies in Europe, Tiziano Raffaelli America and Japan in the nineteenth century 60 Money, Time and Rationality in Max Massimo Augello and Marco Guidi Weber Austrian connections 51 Historians of Economics and Stephen D. Parsons Economic Thought The construction of disciplinary 61 Classical Macroeconomics memory Some modern variations and Steven G. Medema and Warren J. distortions Samuels James C. W. Ahiakpor 62 The Historical School of Economics in 72 Jean-Baptiste Say and the Classical England and Japan Canon in Economics Tamotsu Nishizawa The British connection in French classicism 63 Classical Economics and Modern Samuel Hollander Theory Studies in long-period analysis 73 Knut Wicksell on Poverty Heinz D. Kurz and Neri Salvadori No place is too exalted Knut Wicksell 64 A Bibliography of Female Economic 74 Economists in Cambridge Thought to 1940 A study through their Kirsten K. Madden, Janet A. Sietz and correspondence 1907–1946 Michele Pujol Edited by M. C. Marcuzzo and A. Rosselli 65 Economics, Economists and Expectations 75 The Experiment in the History of From microfoundations to Economics macroeconomics Edited by Philippe Fontaine and Warren Young, Robert Leeson and Robert Leonard William Darity Jnr. 76 At the Origins of Mathematical 66 The Political Economy of Public Economics Finance in Britain, 1767–1873 The economics of A. N. Isnard Takuo Dome (1748–1803) Richard van den Berg 67 Essays in the History of Economics Warren J. Samuels, Willie Henderson, 77 Money and Exchange Kirk D. Johnson and Marianne Folktales and reality Johnson Sasan Fayazmanesh 68 History and Political Economy 78 Economic Development and Social Essays in honour of P. D. Change Groenewegen Historical roots and modern Edited by Tony Aspromourgos and perspectives John Lodewijks George Stathakis and Gianni Vaggi 79 Ethical Codes and Income 69 The Tradition of Free Trade Distribution Lars Magnusson A study of John Bates Clark and Thorstein Veblen 70 Evolution of the Market Process Guglielmo Forges Davanzati Austrian and Swedish economics Edited by Michel Bellet, Sandye 80 Evaluating Adam Smith Gloria-Palermo and Abdallah Creating the wealth of nations Zouache Willie Henderson 71 Consumption as an Investment 81 Civil Happiness The fear of goods from Hesiod to Economics and human flourishing in Adam Smith historical perspective Cosimo Perrotta Luigino Bruni 82 New Voices on Adam Smith 85 A History of Econometrics in France Edited by Leonidas Montes and Eric From nature to models Schliesser Philippe Le Gall 83 Making Chicago Price Theory 86 Money and Markets Milton Friedman–George Stigler A doctrinal approach
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