Pantaleoni and Pareto on Labour Issues
Journal title HISTORY OF ECONOMIC THOUGHT AND POLICY
Author/s Motohiro Okada
Publishing Year 2025 Issue 2025/1
Language English Pages 21 P. 37-57 File size 93 KB
DOI 10.3280/SPE2025-001003
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This essay provides a parallel review of Maffeo Pantaleoni’s and Vilfredo Pareto’s thoughts on labour issues. Despite noteworthy differences in their theoretical angles on labour, both Pantaleoni and Pareto had faith in the self-regulating function of labour markets. Pantaleoni’s and Pareto’s adherence to this neoclassicism-backed liberal creed in contradiction to the nature of capitalistic labour caused vicissitudes of their attitudes towards industrial relations. With changes in Italy’s industrial relations, Pantaleoni and Pareto shifted from being sympathetic to antagonistic towards labour movements. They finally inclined to Fascism in the expectation that the Fascists could restore market-directed Italian capitalism by ruthlessly crushing workers’ power. Thus, this essay illuminates strong affinities between Pantaleoni’s and Pareto’s thoughts on labour issues.
Keywords: Pantaleoni, Pareto, labour, neoclassical economics, Fascism
Jel codes: B13, J01, J50
Motohiro Okada, Pantaleoni and Pareto on Labour Issues in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 1/2025, pp 37-57, DOI: 10.3280/SPE2025-001003