The Economic Theory of Socialism

  • Fiorenzo MornatiEmail author
Part of the Palgrave Studies in the History of Economic Thought book series (PHET)


After a period spent on critical study of the first volume of Marx’s Das Kapital (Sect. 9.1), Pareto returned to his reflections on socialism in general (Reflections which he had already initiated earlier (Mornati, Vilfredo Pareto: An intellectual biography. Volume I. From science to liberty (1848–1891). Basingstoke: Palgrave Macmillan, 2018, pp. 163–166)), in sociological and ideological terms (Sect. 9.2) and in terms of economic theory (Sect. 9.3), reaching the categorical conclusion that in theory it was a system which answered to the requirements of economic efficiency but was in practice difficult to implement in the light of human intellectual and moral failings.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Department of Economics and StatisticsUniversity of TurinTurinItaly

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