The University of Western Australia

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Michael McLure

Professor Michael McLure

Economics (UWA Business School)

Contact details
Economics (UWA Business School)
The University of Western Australia (M251)
35 Stirling Highway
+61 8 6488 2921
BA Murd., GradDipEd WAIT, MEc W.Aust., PhD Curtin
Michael is Professor of Economics and lectures in Monetary Economics and the History of Economic Thought. His primary area of expertise in research is in the sub discipline of the history of economic thought.
Key research
Primary research interest: the history of economic thought, with particular reference to Vilfredo Pareto's intellectual legacy in Italy including in the area of fiscal studies; and the comparative intellectual history of the Lausanne and Cambridge traditions in economics.


McLure, M.T. 2007, The Paretian School and Italian Fiscal Sociology, Palgrave Macmillan, Houndmills Basingstoke, pp. 1-363.

Edited Book

Pareto, V. 2014 [1906 and 1909]. Manual of Political Economy: A Variorum Translation and Critical Edition, edited by Aldo Montesano, Alberto Zanni, Luigino Bruni, John S. Chipman and Michael McLure, Oxford University Press, Oxford,, pp. i-xxxix and 1-640.

Journal Articles (Scholarly Refereed Journals)
Arthmar, R. and McLure, M. 2016 (forthcoming) “Pigou, Del Vecchio and Sraffa: the 1955 International “Antonio Feltrinelli” Prize for the Economic and Social Sciences”, European Journal of the History of Economic Thought.

Arthmar, R. and McLure, M. 2016 (forthcoming) “On Britain’s Return to the Gold Standard: was there a ‘Pigou-McKenna School’?”, Economic Record.

McLure, M. 2013. “Reflections on the Quantity Theory: Pigou in 1917 and Pareto in 1920-21”, Revue Européenne des Sciences Sociales,51-2, pp 173. 192 .

McLure, M. 2013. “A. C. Pigou’s Assessment of Pareto’s Law”, Cambridge Journal of Economics, 37(4), pp. 775-789.

McLure, M. 2013. “Assessments of A. C. Pigou’s Fellowship Theses”, History of Political Economy, 45(2), pp. 255-285.

McLure, M. 2012. “A. C. Pigou’s Wealth and Welfare”, History of Economics Review, No. 56, pp.101-116.

McLure, M. 2011, “Thirty Years of Economics: UWA and the WA Branch of the Economic Society from 1963 to 1992”, History of Economics Review, 54, pp. 70-91.

McLure, M. 2010 “Pareto, Pigou and Third-party Consumption: Divergent Approaches to Welfare Theory with Implications for the Study of Public Finance”, European Journal of the History of Economic Thought, 17(4), pp. 635-657; reprinted in Studies in the History of Public Economics, 2011. eds G. Faccarello and R. Sturn, London: Routledge, pp. 99-120.

McLure M. 2010 “Pareto’s Chronicles: Liberty, the Left and Sociology”, Review of Political Economy,22(3), pp. 439-458.

McLure, M. 2008 “Royalties for Regions: accountability and sustainability”, Public Policy, Vol. 3, No. 2

McLure, M. 2008, “The History of Economic Thought at UWA: A Comparison of 1953 with 2003” History of Economics Review, 47, pp. 72-85.

McLure, M. 2006, “The Fiscal Sociology of Gino Borgatta: Pareto, Extra-economic Redistribution and Economic Growth”, Cambridge Journal of Economics, 30, 4, pp. 521-539.

McLure, M. 2006, “Vilfredo Pareto and Contemporary Economics: Social Equilibrium, Fiscal Decentralisation and Economic Growth”, Rivista Internazionale di Scienze Economiche and Commerciali, LIII, 4, pp. 560-578.

McLure, M. 2006, “Pareto on the History of Economic Thought as an Aspect of Experimental Economics”, History of Economics Review, 43, pp. 71-87.

McLure, M. 2006, “One Hundred Years from Today: Vilfredo Pareto, Manuale di Economia Politica con una Introduzione alla Scienza Sociale, Milan: Societa Editrice Libraria. 1906”, History of Economic Review, 44, pp. 76-86.

McLure, M. 2005, “Two Taxation Agendas: The Gallop Government's First Term”, Economic Papers, 24, 1, pp. 35-49.

McLure, M. 2005, “Equilibrium and Italian fiscal sociology: a reflection on the Pareto-Griziotti and Pareto-Sensini letters on fiscal theory”, European Journal of the History of Economic Thought, 12, 4, pp. 611-635.

McLure, M. 2005, “A Note on Pareto's ‘Sunto’”, Journal of the History of Economic Thought , 27, 4, pp. 399-403.

McLure, M. 2005, “La Sociologia Finanziaria Di Gino Borgatta”, Pensiero Economico Italiano, 12, 2, pp. 191-203.

Book Chapters and Encyclopedia Entries (Commercial)

McLure, M., “Vilfredo Pareto (1848-1923)” Handbook on the History of Economic Thought, Volume 1, Heinz Kurz and Gilbert Faccarello (eds), Edward Elgar: Cheltenham, 2016 (forthcoming).

Arthmar, R. and McLure, M., “Herbert Somerton Foxwell (1849-1936)”, The Palgrave Companion to Cambridge Economics, Robert Cord (ed), Palgrave Macmillan, Basingstoke: 2016 (forthcoming).

Arthmar, R. and McLure, M., “Cambridge Theories of Welfare Economics”, The Palgrave Companion to Cambridge Economics, Robert Cord (ed), Palgrave Macmillan, Basingstoke: 2016 (forthcoming).

Knight, K. and McLure, M., “A.C. Pigou (1877-1959)”, The Palgrave Companion to Cambridge Economics, Robert Cord (ed), Palgrave Macmillan, Basingstoke: 2016 (forthcoming).

King, J.E., McLure, M., 2015. “Value: History of the Concept”. In: James D. Wright (editor-in-chief), International Encyclopedia of the Social and Behavioral Sciences, 2nd edition, Vol 25. Oxford: Elsevier. pp. 7–13

McLure, M. "Pareto’s Manuscript on Money and the Real Economy", Vilfredo Pareto: Beyond Disciplinary Boundries, eds. J. V. Femia and A. J. Marshall, Farnham: Ashgate, 2012, pp. 177-197.

McLure, M. "Austin Stewart Homes (1924 – 1986)", in A Biographical Dictionary of Australian and New Zealand Economists, edited by J. E. King, Cheltenham: Edward Elgar, 2007, pp. 144-5.

McLure, M. “Pure Duals, Derived Duals and Paretian Fiscal Sociology”, in Fiscal Sociology: Public Auditing, J. (ed), Peter Lang, 2006, Frankfurt, pp.177-194

McLure, M. "Two Views on Pareto's Current Relevance: Warren Samuel's Foreword to Pareto, Economics and Society", in From Walras to Pareto, Springer, 2006, Dordrecht.

McLure, M.T. "Approaches to Fiscal Sociology", in Essays on Fiscal Sociology, Peter Lang Publishing Inc., 2005, Frankfurt.

Non-Refereed Book Reviews

McLure, M. “James Tobin by Robert Dimand for the Palgrave McMillan Great Thinkers in Economics Series”, European Journal of the History of Economic Thought 2016 (forthcoming).
McLure, M. “The Paretian Tradition during the Interwar Period: from Dynamics to Growth”, History of Economic Thought and Policy, 2015, 1, pp. 107-113.

McLure, M. "Book Review: Mixed Fortunes: An Economic History of China, Russia and the West, by Vladimir Popov. Oxford University Press, Oxford, 2014 pp. xiii+191", Economic Record, 91 pp. 270–272 (doi: 10.1111/1475-4932.12198)

McLure, M. "Book Review: Antonio Serra’s A Short Treatise on the Wealth and Poverty of Nations (1613), edited by Sophus A. Reinert and translated by Jonathan Hunt", History of Economics Review, 2012 No. 56, pp.126-129.

McLure, M “Articles by Pareto in the Giornale degli Economisti: Special Issue of the Giornale degli Economisti e Annali di Economia”, History of Economics Review, 50, 2009, pp. 98-101.

McLure, M. “Considerations on the Fundamental Principles of Pure Political Economy, by Vilfredo Pareto edited by Robert Marchionatti and Fiorenzo Mornati”, History of Economics Review, 47, 2008. pp. 155-158.

McLure, M. "Manuale di Economia Politica, by Vilfredo Pareto edited by Aldo Monetsano, Alberto Zanni and Luigino Bruni", Journal of the History of Economic Thought, 2008, 30(1), pp. 137-140.

McLure, M. “Dibattito fra Economisti Italiani di Fine Ottocento, by Italo Magnani”, History of Economics Review, 48, 2008, pp. 119-121.

McLure, M. “Luigi Einaudi, selected economic essays”, History of Economic Ideas, 2007, 14, 3, pp. 164-165.

McLure, M. “Warren Samuels (ed.). European Economists of the Early 20th Century, Volume 2: Studies of Neglected Continental Thinkers of Germany and Italy”, History of Economics Review, 2005, 41, pp. 166-167.

Journal Editor 2007-2011

McLure, M. (with Gregory Moore), History of Economics Review, Published by, History of Economic Thought Society of Australia: from
Issue 45 Winter 2007 (published in July) to Issue 54 2011 (Published in December), inclusive.
Roles, responsibilities and expertise
Michael is the President of the Australian Economic Society, WA Branch.
Within UWA, Michael is a member of the MBA Board of Studies
Funding received
Dr Michael McLure 2004, “Pareto and the Giornale degli Economist: A Sociology of Scientific Knowledge.”, UWA Research Grants Scheme, Funds Approved: $18,199.00. RFCD:

Ms Margaret Giles, Dr Alfred Dockery, Dr Michael McLure 2003, “Unmet student demand for vocational education and training (VET)”, NCVER (National Centr for Vocational Education Research), Funds Approved: $24,621.00. RFCD:

Dr Michael McLure 2002, “Fellowship - A new Paretian Approach to Public Finances and Fiscal Sociology”, University Postdoctoral Research Fellowships, Funds Approved: $4.00. RFCD:
Italian (intermediate level)
Economic Society of Australia (1988 to the present).
Member of the History of Economic Thought Society of Australia (1997 to the present).
Honours and awards
Barry Gorden Prize: for the best paper by a postgraduate student delivered to the Society’s 1997 conference. The paper delivered was titled: “Pareto’s Les Systémes Socialistes and Buchanan’s Constitutive Elements of Public Choice and Economic Policy”

History of Economic Thought Society of Australia prize for the best PhD thesis examined in 1999-2000: joint winner.
Economics, Management and Strategy, ECON5503
History of Economic Ideas,ECON3310
History of Economic Thought,ECON4507
Monetary Economics, ECON3210
Current external positions
A UWA representative board member of the “Centre for Labour Market Research” since 5 June 2006.
Current projects
Michael’s long term project is an intellectual history of A. C. Pigou and the Cambridge School.

Collaborations with Other Institutions

In 2009 Michael visited: (i) Aldo Montesano (Università Bocconi) to work on Paretian elements of this project (mainly concerning a translation of Pareto’s Manuale di Economia Politica) and (ii) Cambridge University archives to access the Pigou papers.
Research profile
Research profile and publications

The University of Western Australia

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Last updated:
Tuesday, 3 November, 2015 2:39 PM