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New essays on Pareto's economic theory
Authors: ---
ISBN: 9780415469753 9780203882986 0415469759 0203882989 9781134105175 1134105177 1134105185 9781134105182 1282084534 9781282084537 9786612084539 6612084537 Year: 2009 Publisher: London ; New York : Routledge,

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Abstract

Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics.Based

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