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.
“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]
References