This paper reflects on the influence of Vilfredo Pareto's letters on Ricardian equivalence and fiscal theory to Benvenuto Griziotti and Guido Sensini. The letters are important for emphasizing the need for fiscal studies to consider equilibrium, particularly social equilibrium, at a time when...

This study utilises the distinction between ophelimity and utility to contrast Pareto's and Pigou's divergent approaches to economic and social welfare when individuals are conscious of consumption by third-parties. It is argued that diverse characterisations of science lie at the heart of the...