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Vilfredo Pareto
Vilfredo Federico Damaso Pareto ( , , , ; born Wilfried Fritz Pareto; 15 July 1848 – 19 August 1923) was an Italian polymath (civil engineer, sociologist, economist, political scientist, and philosopher). He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on his observations that 80% of the wealth in Italy belonged to about 20% of the population. He also contributed to the fields of sociology and mathematics. According to the mathematician Benoit Mandelbrot and Richard L. Hudson: Biography Pareto was born of an e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lausanne School
The Lausanne School of economics, sometimes referred to as the Mathematical School, refers to the neoclassical economics school of thought surrounding Léon Walras and Vilfredo Pareto. It is named after the University of Lausanne, at which both Walras and Pareto held professorships. Polish economist Leon Winiarski is also said to have been a member of the Lausanne School. Background The term Lausanne School was first coined by the mathematician Hermann Laurent in his article ''Petit traite d'economie politique mathematique'' (''Small Treatise on Mathematical Political Economy''). The central feature of the Lausanne School was its development of general equilibrium theory. Laurent's article presented a simplified version of this theory. Lausanne School is also associated with the Italian School and the Paretian School, which were based on the works of Pareto. Italian economic historians have adopted Luigi Einaudi's description that the age of the Lausanne School in Italy should be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gustave De Molinari
Gustave de Molinari (; 3 March 1819 – 28 January 1912) was a Belgian political economist and French Liberal School theorist associated with French ''laissez-faire'' economists such as Frédéric Bastiat and Hippolyte Castille. Biography Born in Liège, Wallonia, Molinari's critique of the state sometimes resulted in his opposing causes and events which might seemingly be aligned with his overall critique of power and privilege. An example of this was the American Civil War which Molinari believed to be far more about the trade interests of Northern industrialists than about slavery, although he did not deny that abolitionism was a part of the picture. According to Ralph Raico, Molinari never relented in his last work published a year before his death in 1912, writing: The American Civil War had not been simply a humanitarian crusade to free the slaves. The war "ruined the conquered provinces," but the Northern plutocrats pulling the strings achieved their aim: the imposition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Ludwell Moore
Henry Ludwell Moore (November 21, 1869 – April 28, 1958) was an American economist known for his pioneering work in econometrics. Paul Samuelson named Moore (along with Harry Gunnison Brown, Allyn Abbott Young, Wesley Clair Mitchell, Frank Knight, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860. Biography Moore was born in Charles County, Maryland, the first of 15 children. He received a B.A. from Randolph-Macon College in 1892 and a Ph.D. from Johns Hopkins University in 1896. His thesis was on Johann Heinrich von Thünen, von Thünen's theory of the natural wage. The visiting lecturers included Simon Newcomb and John Bates Clark, J. B. Clark and he may have learned some mathematical economics from them. While doing the Ph.D., he spent a year at the University of Vienna. At that time study in Europe was quite usual; Americans often went to Europe, usually to Germany, for their entire graduate education. Moore was an early U.S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CH Douglas
Major Clifford Hugh "C. H." Douglas, MIMechE, MIEE (20 January 1879 – 29 September 1952), was a British engineer and pioneer of the social credit economic reform movement. Education and engineering career C.H. Douglas was born in either Edgeley or Manchester,Martin-Nielsen, "An Engineer's View of an Ideal Society", p. 97 the son of Hugh Douglas and his wife Louisa (Hordern) Douglas. Few details are known about his early life and training; he probably served an engineering apprenticeship before beginning an engineering career that brought him to locations throughout the British Empire in the employ of electric companies, railways and other institutions. He taught at Stockport Grammar School. After a period in industry, he went up to Pembroke College, Cambridge at the age of 31 but stayed only four terms and left without graduating. He worked for the Westinghouse Electric Corporation of America and claimed to have been the Reconstruction Engineer for the British Westinghouse C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alain De Benoist
Alain de Benoist (; ; born 11 December 1943) – also known as Fabrice Laroche, Robert de Herte, David Barney, and other pen names – is a French journalist and political philosopher, a founding member of the Nouvelle Droite ("New Right"), and the leader of the ethno-nationalist think tank GRECE. Principally influenced by thinkers of the German Conservative Revolution, de Benoist is opposed to Christianity, the rights of man, neoliberalism, representative democracy, egalitarianism; and what he sees as embodying and promoting those values, namely the United States. He theorized the notion of ethnopluralism, a concept which relies on preserving and mutually respecting individual and bordered ethno-cultural regions. His work has been influential with the alt-right movement in the United States, and he presented a lecture on identity at a National Policy Institute conference hosted by Richard B. Spencer; however, he has distanced himself from the movement. Biography Family Al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chester Barnard
Chester Irving Barnard (November 7, 1886 – June 7, 1961) was an American business executive, public administrator, and the author of pioneering work in management theory and organizational studies. His landmark 1938 book, '' The Functions of the Executive'', sets out a theory of organization and of the functions of executives in organizations. The book has been widely assigned in university courses in management theory and organizational sociology.Chester (Irving) Barnard Biography (1886 - 1961) on biography.com. Retrieved 16 June 2008. Barnard viewed organizations as systems of cooperation of human activity, and noted that they are typically short-lived. According to Barnard, organizations are generally not long-lived because they do not meet the two criter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oskar R
Oskar may refer to: * oskar (gene), the Drosophila gene * Oskar (given name) Oscar or Oskar is a masculine given name of Irish origin. Etymology The name is derived from two elements in Irish: the first, ''os'', means "deer"; the second element, ''car'', means "loving" or "friend", thus "deer-loving one" or "friend of deer" ..., masculine given name See also * Oscar (other) {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luigi Amoroso
Luigi Amoroso (26 March 1886 – 28 October 1965) was an Italian neoclassical economist influenced by Vilfredo Pareto. He provided support for and influenced the economic policy during the fascist regime. Work The microeconomical concept of the Amoroso–Robinson relation is named after him (and Joan Robinson): according to paper he is one of the first economists to have studied the dynamical equilibrium theory by using an analogy between economic systems and classical mechanics, thus applying to theories of economical behaviour mathematical tools as the calculus of variation. In his young years he contributed to the theory of functions of several complex variables, giving for the first time a set of necessary and sufficient conditions for the solvability of the Dirichlet problem for holomorphic functions of several variables in the paper . Also, in 1927 he provided to his former '' Normale'' schoolfellow Mauro Picone the funding for the creation of the '' Istituto Nazionale ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Léon Walras
Marie-Esprit-Léon Walras (; 16 December 1834 – 5 January 1910) was a French mathematical economist and Georgist. He formulated the marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory. Walras is best known for his book ''Éléments d'économie politique pure'', a work that has contributed greatly to the mathematization of economics through the concept of general equilibrium. The definition of the role of the entrepreneur found in it was also taken up and amplified by Joseph Schumpeter. For Walras, exchanges only take place after a Walrasian '' tâtonnement'' (French for "trial and error"), guided by the auctioneer, has made it possible to reach market equilibrium. It was the general equilibrium obtained from a single hypothesis, rarity, that led Joseph Schumpeter to consider him "the greatest of all economists". The notion of general equilibrium was very quickly adopted by major economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Spencer
Herbert Spencer (27 April 1820 – 8 December 1903) was an English philosopher, psychologist, biologist, anthropologist, and sociologist famous for his hypothesis of social Darwinism. Spencer originated the expression "survival of the fittest", which he coined in ''Principles of Biology'' (1864) after reading Charles Darwin's 1859 book ''On the Origin of Species''. The term strongly suggests natural selection, yet Spencer saw evolution as extending into realms of sociology and ethics, so he also supported Lamarckism. Riggenbach, Jeff (24 April 2011The Real William Graham Sumner, Mises Institute. Spencer developed an all-embracing conception of evolutionism, evolution as the progressive development of the physical world, biological organisms, the human mind, and human culture and societies. As a polymath, he contributed to a wide range of subjects, including ethics, religion, anthropology, economics, political theory, philosophy, literature, astronomy, biology, sociology, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georges Sorel
Georges Eugène Sorel (; ; 2 November 1847 – 29 August 1922) was a French social thinker, political theorist, historian, and later journalist. He has inspired theories and movements grouped under the name of Sorelianism. His social and political philosophy owed much to his reading of Proudhon, Karl Marx, Giambattista Vico, Henri Bergson (whose lectures at the Collège de France he attended), and later William James. His notion of the power of myth in collective agency inspired socialists, anarchists, Marxists, and fascists.Sternhell, Zeev, Mario Sznajder, Maia Ashéri (1994). "Georges Sorel and the Antimaterialist Revision of Marxism". In: ''The Birth of Fascist Ideology: From Cultural Rebellion to Political Revolution''. Princeton University Press Together with his defense of violence, the power of myth is the contribution for which he is most often remembered. Politically he evolved from his early liberal-conservative positions towards Marxism, social-democracy, and ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
