Considerations on the Fundamental Principles of Pure Political Economy [Hardcover]

Between May 1892 and October 1893 the Giornale degli Economistipublished Vilfredo Paretos Considerazioni sui principi fondamentali delleconomia politica purain five parts. Viewed in its entirety, the outcome is essentially a classic monograph on the fundamental issues in pure economic theory in the Lausanne tradition.

Pareto's work forms a document of major historical significance which, to date, has only been available to the relatively small number of international economists and historians of economics who read Italian. This first English language edition is a significant landmark in the history of economics.

Introduction: Considerations on the Fundamental Principles of Pure Political Economy, Part 1:

1. Introductory remarks

1. Difficulty of the topic
2. Explanation of the ways that have been followed in this work
3. Various quantitative methods
4. Various degrees of rationality in the principles assumed as the basis of this science
5. Use of mathematics in Political Economy
6. Precautions required by the use of the mathematical method
7. A priori objections to the new theory

1. Value

2.1. Object of a theory of value

2.2. The hedonistic theory

2.3. Total utility and final degree of utility

2.4. Fundamental principle of hedonistic calculus

2. The economics of the individual

3.1. Reasons at play in determining a barter

3.2. Limit of the hedonistic theories

Considerations on the Fundamental Principles of Pure Political Economy, lÓÎ