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Vilfredo Pareto: Lausanne School
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Pareto ... set himself to work, producing a three-volume edition of his lecture notes, Cours d'économie politique (1896, 1897). This was more than merely an restatement of the doctrines of the Lausanne School. Interspersed with his presentations of pure economic theory were numerous asides on methodology and applied economics and extensive sociological observations. His recent reading of Karl Marx and Social Darwinists like Herbert Spencer leaves its imprimatur. Mathematics was neatly relegated to footnotes and corners.
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VILFREDO PARETO A Concise Overview of His Life, Works, and Philosophy By Fr. James Thornton Italian contributions to political and social thought are singularly impressive and, in fact, few nations are as favored with a tradition as long and as rich. One need only mention names such as Dante, Machiavelli, and Vico to appreciate the importance of Italy in this respect. In the twentieth century too, the contributions made by Italians are of great significance. Among these are Gaetano Mosca's theory of oligarchical rule, Roberto Michels' study of political parties, Corrado Gini's intriguing sociobiological theories, and Scipio Sighele's investigations of the criminal mind and of crowd psychology.(1) One of the most widely respected of these Italian political theorists and sociologists is Vilfredo Pareto. Indeed, so influential are his writings that "it is not possible to write the history of sociology without referring to Pareto."(2) Throughout all of the vicissitudes and convulsions of twentieth-century political life, Pareto remains to this day "a scholar of universal reputation."(3) Moreover, Pareto's importance for us today lies in the fact that he represents one of the most distinguished intellectual currents in the European tradition. That broad school of thought includes such diverse figures as Burke, Taine, Dostoyevsky, Burckhardt, Donoso Cort=E9s, Nietzsche= , and Spengler and stands in opposition to rationalism, liberalism, egalitarianism, Marxism, and all of the other offspring of Enlightenment doctrinaires.
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In 1893, Walras was succeeded in his chair by his young disciple, Vilfredo Pareto. The two men formed the core (and some argue the full extent) of what became known as the Lausanne School. While they agreed on most theoretical matters, the details of the subsequent research program were dictated more by Pareto's interests than Walras's original concerns.
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