ABSTRACT
This presentation consists of three sections. In the first section, I deal with the question that has long been debated as to why Pareto, who so convincingly put forth the doctrine that measurability of utility is superfluous to the explanation of consumer behavior in competitive markets, nevertheless often found it indispensable to treat utility as measurable. In the second section, I deal with his treatment of the law of demand, in the course of which he formulated his own law of income distribution. In the third and final section, I briefly comment on various reactions to my 1976 article on the Paretian Heritage, all dealing with various aspects of Pareto’s contributions to welfare economics.
