ANSWERS: 2
-
PARETO Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923) Vilfredo Federico Damaso Pareto (born July 15, 1848 in Paris, France - died August 19, 1923 in Lausanne, Switzerland) made several important contributions to economics, sociology and moral philosophy, especially 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 with ideas such as indifference curves. His theories influenced Benito Mussolini and the development of Italian fascism. In 1906, he made the famous observation that 20% of the population owned 80% of the property in Italy, later generalised by Joseph M. Juran and others into the so-called Pareto principle (also termed as the 80-20 rule) and generalised further to the concept of a Pareto distribution. http://en.wikipedia.org/wiki/Pareto
-
An excelent scholar. It would be long to write his contributions. I would recommend http://cepa.newschool.edu/het/profiles/pareto.htm
Copyright 2023, Wired Ivy, LLC

by 