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.
Conference Proceedings: The Current Relevance of Léon Walras and Vilfredo Pareto and their Legacy for Modern Political Economy, Universiteit Maastricht, 14 and 15 June 2001.
The presenter would like to thank Warren J. Samuels for commenting on a draft of this paper and the anonymous referee for proving several very helpful suggestions. The opinions expressed are those of the presenter, who is also responsible for any errors in the paper.
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McLure, M. (2006). Two Views on Pareto’s Current Relevance*: Warren Samuel’s Foreword to Pareto, Economics and Society . In: Backhaus, J.G., Maks, J.A.H. (eds) From Walras to Pareto. The European Heritage in Economics and the Social Sciences, vol 4. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-33757-9_9
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