In his first work, Cours d'Economie Politique, he introduced a controversial law of income distribution using his innovative application of mathematics to economics, leading him to succeed Walrus as head of the Lausanne School.
In his first work, Cours d'Economie Politique, he introduced a controversial law of income distribution using his innovative application of mathematics to economics, leading him to succeed Walrus as head of the Lausanne School. Known for introducing "indifference curves", he argued that there exists in society a "circulation of elites" in what he considered his most important work, Mind and Society. In his influential 1906 work Manuale d'economia politica, he laid the foundations for welfare economics with his assertion that the best allocation of a society's resources was not attained if one individual could be made better off while keeping others as well off as before. FTP, who was this Italian thinker known for his eponymous "optimum"?
In his first work, Cours d'Economie Politique, he introduced a controversial law of income distribution using his innovative application of mathematics to economics, leading him to succeed Walrus as head of the Lausanne School.
Vilfredo Pareto