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My Dinner with Vilfredo Pareto

Scott Locklin discusses the great sociologist.
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Vilfredo Pareto was arguably the greatest economist of the 1800s and possibly the greatest social scientist of all time. He was one of the first to suggest applying the cold hand of mathematics to what was previously a liberal art rather than a mathematical science. His work is still considered controversial today, despite the fact that it is self-evidently true, mostly because the average modern economist or sociologist is more an ideological fashion victim than an applied mathematician.

Pareto was born to Genoese nobility in Paris during the revolution of 1848. His training was in classics, physics, and engineering, so his approach to the soft sciences was more rigorous than most. Not only did he make immortal contributions to economics, but his theories of elites were enormously influential in sociology back when it still had some hope of becoming a hard science rather than the incoherent booby hatch it is today.

Like most academic types then and now, Pareto started out a sort of liberal socialist. Then he got sick of trying to save others. To paraphrase what he said of his transformation, he had once wanted to protect the underdogs but later became contemptuous of their infirmity. Pareto also explicitly realized the socialist or democratic revolutionaries were just another would-be elite trying to replace the natural elite rather than friends to the common man as they postured themselves. This was a common transformation in his day. You can read a similar evolution in Jack London’s “Martin Eden,” as London fell under the spell of thinkers such as Herbert Spencer (and, probably, Pareto).

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