Vilfredo Pareto





Vilfredo Pareto


Born
in Paris, France
July 15, 1848

Died
August 19, 1923

Genre


Vilfredo Federico Damaso Pareto, born Wilfried Fritz Pareto, was an Italian engineer, sociologist, economist, political scientist and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices.

He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He also was the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him and built on observations of his such as that 80% of the land in Italy was owned by 20% of the population. He also contributed to the fields of sociology and mathematics.

Average rating: 3.88 · 83 ratings · 10 reviews · 30 distinct works · Similar authors
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Vilfredo Pareto: Sociologic...

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The Mind and Society

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The General Form of Society

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The Mind and Society Vol III

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More books by Vilfredo Pareto…
“When it is useful to them, men can believe a theory of which they know nothing more than its name.”
Vilfredo Pareto

“Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose.”
Vilfredo Pareto

“Give me the fruitful error any time, full of seeds, bursting with its own corrections. You can keep your sterile truth for yourself.”
Vilfredo Pareto