Pareto on the History Of Economic Thought as an Aspect of Experimental Economics

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Borgatta, G. (1920) “Lo Studio Scientifico dei Fenomeni Finanziari”, Giornale degli Economisti e Rivista di Statistica, 31(60), pp. 1- 24 and 81-116.

Luigino Bruni (2003) “Michael McLure, Pareto Economics and Sociology [sic]: The Mechanical Analogy”, Journal of the History of Economic Thought, 25(1), pp113-115.

Clark, J. B. (1907) Essentials of Economic Theory, Macmillan, New York.

Emmet, R. B. (2003) “Exegesis, Hermeneutics, and Interpretation”, in Warren Samuels, Jeff E. Biddle, and John B. Davis (eds) A Companion to the History of Economic Thought, Blackwell Publishing, Maldon and Oxford, pp523-537.

Finer, S.E (ed) (1966) Vilfredo Pareto: Sociological Writings, translated by Derick Mirfin, Pall Mall Press, London

Gronewegen, Peter (2002) “Michael McLure, Pareto Economics and Society: The Mechanical Analogy”, History of Economics Review, 35, Winter, pp147-149.

Kerr, I. (2002) “The Value of the History and Economic Thought”, Journal of Economic and Social Policy, 6(2), Winter, 2002, pp88-99.

Leroy-Beaulieu, P. (1896), Traité théorique et pratique d’Economie politique, Tome III, Librairie Guillaumin Paris.

Marchionatti, R. and E. Gambino (1997) “Pareto and Political Economy as a Science: Methodological Revolution and Analytical Advances in Economic Theory in the 1890s”, Journal of Political Economy, vol.105, no.61, pp1322-1347.

Marchionatti, R. (1999) “The Methodological Foundations of Pure and Applied Economics. An Anti-Walrasian Program”, Revue Européenne des Sciences Sociales, vol. 37, no. 16, pp277-294.

McLure, M (1999) “Pareto on the Cause of Value: Maurice Dobb’s Partial Assessment”, History of Economics Review, vol.30, Summer, pp56-67.

McLure, M. (2004a) “Interpreting the History of Economics”, Review Essay, History of Economics Review, No.39, pp. 88-96.

McLure, M. (2004b) “La Sociologia Finanziaria di Gino Borgatta”, Pensiero Economico Italiano, 12(2), Atti dei Convegni: La scuola di economia di Torino: da Cognetti de Martiis a Einaudi, pp. 191-203.

McLure, M. (2005) “Italian Fiscal Sociology: a Reflection of the Pareto-Griziotti and Pareto-Sensini Letters on Fiscal Theory”, European Journal of the History of Economic Thought, 12(4).

Pareto, V. [1901-02] (1974) I Sistemi Socialisti [Les Systèmes Socialistes], Torino: Unione Tipografico-Editrice Torinese, Torino.

Pareto, V. [1916] (1935) Mind and Society [Trattato di Sociologia Generale], New York: Harcourt, Brace and Company.

Pareto, V. [1918] (1980) “Economia Sperimentale”, Ouvres Complètes, Tome.XXII, Écrites sociologiques mineurs, ed. G. Busino, Librairie Droz, Genéve, pp. 719-743.

Pareto, V. (1975) “A Benvenuto Griziotti”, letter of 2 September 1917, in Giovanni Busino (ed) Correspondance, vol 19/2, Œuvres Complètes, Genéve: Librairie Droz: 983-5.

Parsons, T. [1937] (1968) The Structure of Social Action, Vol 1, The Free Press, New York.

Perlman, M. (2003) “The History of Ideas and Economics”, in Warren Samuels, Jeff E. Biddle, and John B. Davis (eds) A Companion to the History of Economic Thought, Blackwell Publishing, Maldon and Oxford, pp 634-654.

de Pietri-Tonelli, A. and Bousquet, G. (1994) Vilfredo Pareto: Neoclassical Synthesis of Economics and Sociology Macmillan, Houndmills.

Sensini, G. [1917] (1933) “La Finanza Sociologica”, Studi di Scienze Sociali, (1), Casa Libraria Editrice Italiana, Roma, pp. 232 - 252.

Supino C. (1904) Principi di economia politica, Luigi Pierro, Napoli.

Schabas, M. (1992) “Breaking Away: History of Economics as History of Science”, History of Political Economy, 24(1), pp187-203

Schumpeter, J. A. (1954) A History of Economic Analysis, Oxford University Press, New York

Stigler, G. (1965) “Textual Exegesis as a Scientific Problem”, Economica, Vol. 32., No 32, pp 447-450.

Tarascio, V. J. (1968) Pareto’s Methodological Approach to Economics, University of North Carolina Press, Chapel Hill

* . This paper was also presented at the 2nd conference of the Associazione Italiana per la Storia del’Economia Politica (Università degli Studi di Siena, 4-5 June 2005). The author would like to thank Vincenzo Savini and Rocco Loiaccono for preparing the translations of Italian text cited in this paper.

1 See McLure (2004a) for a review of this interesting book.

2 The only reference in this part of the book is a casual illustrative comment on hypothetical deduction: “Pareto’s mathematically formulated (log-normal) Law of Wages has stood up in repeated Crucial Experiments, but it was derived inductively and lacks any deductive core.” (Perlman 2003, p. 648).

3 Pareto ([1901-02] 1974, pp.137-38).

4 Pareto’s views on “the cause of value” are examined in McLure (1999).

5 Bruni (2002, p.40-41) dates Pareto’s interest in the extrinsic aspect of science to at least 1898.

6 The contributions of Borgatta and Sensini and Italian fiscal sociology are considered in McLure (2004b, 2005).

7 These methods are discussed in Pareto ([1918] 1980, pp, 737-741).

8 In a 2 September 1917 letter to Benvenuto Griziotti, Pareto wrote that: “… the “science” of public finances knows little of economic equilibrium and nothing of social equilibrium; therefore in place of an understanding of real effects it substitutes a presumption of imaginary effects. I cannot concede that the economic state and the social state are not variously modified by various changes in the use of economic goods” (Pareto 1975: 984).

9 Kerr uses the term intrinsic in relation to the satisfaction of intellectual curiosity, and not the experimental significance of theory (as used by Pareto).

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