On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Richard Wagner as they discuss the work of Vilfredo Pareto and his contributions to the field of economics, centered on Pareto's conception of economic vs. social equilibrium. Additionally, Boettke & Wagner detail the successful elements of theoretical constructions and the usefulness of different analytical tools for economic reasoning.