"His work preceded by several decades the final construction of the Paretian "new" welfare economics, which is closely related although independently developed. The merit of Wicksell is that he states directly the implications of his analysis for the institutions of collective choice, a subject upon which the modern welfare economists have been rather strangely silent."
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James M. Buchanan and Gordon Tullock, The Calculus of Consent (1962), 1. Introduction
https://en.wikiquote.org/wiki/Knut_Wicksell
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Knut Wicksell
Johan Gustaf Knut Wicksell (December 20, 1851 – May 3, 1926) was a leading Swedish economist of the Stockholm school.
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