Michael McLure

Michael McLureIn hmolscience, Michael McLure (1959-) is an Australian economics historian noted for []

Overview
In 2002, McLure, in his Pareto, Economics and Society: the Mechanical Analogy, gives a rather detailed critique of the social mechanism theories of French-born Italian engineer and physical socioeconomist Vilfredo Pareto, e.g. his homo economicus conception of an agent as a “molecule reacting to economic forces” model, etc., with commentary on related players, such as Leon Walrus, and Pareto scholars, such as Czechoslovakian-born English sociologist Werner Stark, among others, generally associated with the Lausanne school of physical economics.

McLure, to note, seems to consider Pareto's entire argument to be "analogy" or specifically "mechanical analogy" a term he uses extensively in his book. The following, to exemplify, is a 1902 annotated version of Pareto's curve of the distribution of wealth (Pareto principle) in society or social organism (social aggregate), as he called it, according to which the social pyramid is in reality, according to Pareto, a sort of spinning top, in which over the centuries there occurs a circulation of elites, in which some people as molecules, the agitated ones, enrich themselves, others, the less agitated ones, impoverish themselves, shown with a noted Pareto human molecule (economic molecule) quote form McLure's book: [2]
Pareto principle (annotated)



“The molecules of which the social aggregate is composed don’t stay at rest; some individuals enrich themselves, other impoverish themselves.”
— Pareto (c.1895), Source [1]


Whatever the case, as outlined by American physiologist Lawrence Henderson in 1935, the modern correct way to understand Pareto is through the chemical thermodynamics "equilibrium" work of American engineer Willard Gibbs, according to which the "chemical analogy" is used, according to which the human molecular formula approach is employed, wherein time location points of economic equilibrium, as British-French economist Alan Kirman (1987) correctly points out, are regarded as the "termination of a process, wherein the time", which is not a variable of pure thermodynamics (Gilbert Lewis, 1930), "taken for this process is not specified", but one in which the measurement of the distance from equilibrium is measured by the socioeconomic system Gibbs free energy differentials, as studied by human free energy theorists, on extent of reaction graphs or socioeconomic energy landscapes.

References
1. McLure, Michael. (2001). Pareto, Economics and Society: the Mechanical Analogy (pdf) (Amz) (pg. 68). Routledge.
2. (a) Pareto, Vilfredo. (1902). The Socialist Systems, Volume 1 (Les Systéms Socialistes, Volume 1) (diagram, pgs. 6-7). V. Giard & E. Briére.
(b) Pareto, Vilfredo. (1902). The Socialist Systems, Volume 2 (Les Systéms Socialistes, Volume 2). V. Giard & E. Briére.
(b) Circulation of elite – Wikipedia.

External links
Michael McLure (faculty) – University of Western Australia.
McLure, Michael (1959-) – WorldCat Identities.

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