Pareto, Vilfredo

Pareto, Vilfredo (1848–1923)
An Italian economist and sociologist, subject of an extensive treatment in Talcott Parsons's The Structure of Social Action (1937) as a co-founder of the ‘voluntaristic theory of action’, but since largely ignored by sociologists.

Already famous for his contributions to equilibrium theory as a mathematical economist, in his later years Pareto turned his hand to sociology, and in 1916 published his magnum opus the Trattato di sociologia generale (translated in four volumes as The Mind and Society in 1935). Pareto is probably best known today for being the first person to use the term ‘elite’ to refer to the few who rule the many, though the substantive idea owes more to Mosca. He also exerted an early influence on the development of social systems theory. Samuel E. Finer's...

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