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Paretian Welfare Theory: Some Neglected Aspects

Authors: Tarascio, Vincent J;

Paretian Welfare Theory: Some Neglected Aspects

Abstract

The major purpose of this study is to analyze the distinction between Pareto's " ophelimity " and " utility " theories, a distinction which has been overlooked in the literature on Pareto. This paper will also serve to bring out the reasons why the distinction was of importance to Pareto himself. Essentially, the distinction between Pareto's ophelimity and utility theories has a methodological foundation, specifically, his views on scope. The paper is organized into three main parts. The first part presents Pareto's views on scope. The second part focuses attention on the equilibrium of systems defined in terms of scope. Finally, Pareto's ophelimity and utility theories are used as illustrations of Paretian welfare theory applied to two different systems.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
19
Top 10%
Top 10%
Average
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