Back فيلفريدو باريتو Arabic فيلفريدو باريتو ARZ Vilfredo Pareto Azerbaijani Вільфрэда Парэта Byelorussian Вільфрэда Парэта BE-X-OLD Вилфредо Парето Bulgarian Vilfredo Pareto BJN ভিলফ্রেদো পারেতো Bengali/Bangla Vilfredo Pareto BS Vilfredo Pareto Catalan
Vilfredo Pareto | |
|---|---|
 Pareto in the 1870s | |
| Born | Wilfried Fritz Pareto 15 July 1848 Paris, France |
| Died | 19 August 1923 (aged 75) Céligny, Switzerland |
| Nationality | Italian |
| Academic career | |
| Field | |
| Institutions | University of Lausanne |
| School or tradition | |
| Alma mater | Polytechnic University of Turin |
| Influences | |
| Contributions | |
| Signature | |
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Vilfredo Federico Damaso Pareto[4] (born Wilfried Fritz Pareto;[5] 15 July 1848 – 19 August 1923) was an Italian polymath, whose areas of interest included sociology, civil engineering, economics, political science, and philosophy. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices, and was one of the minds behind the Lausanne School of economics. He was also responsible for popularising the use of the term elite in social analysis. He has been described as "one of the last Renaissance scholars. Trained in physics and mathematics, he became a polymath whose genius radiated into nearly all other major fields of knowledge."[6]
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to claim that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on his observations that 80% of the wealth in Italy belonged to about 20% of the population. He also contributed to the fields of mathematics and sociology.
- ^ Robert A. Nye (1977). The Anti-Democratic Sources of Elite Theory: Pareto, Mosca, Michels. Sage. p. 22.
- ^ J. J. Chambliss, ed. (2013). Philosophy of Education: An Encyclopedia. Routledge. p. 179.
- ^ a b c d Rothbard, Murray (2006). "After Mill: Bastiat and the French laissez-faire tradition". An Austrian Perspective on the History of Economic Thought. Vol. Classical economics. Ludwig von Mises Institute. pp. 456–457.
- ^ Geoffrey Duncan Mitchell. A Hundred Years of Sociology. Transaction Publishers, 1968. p. 115. ISBN 9780202366647
- ^ Boccara, Nino (9 September 2010). Modeling Complex Systems. Springer Science & Business Media. p. 372. ISBN 978-1-4419-6562-2.
- ^ Wood, John Cunningham; McLure, Michael (1999). Vilfredo Pareto: Critical Assessments of Leading Economists. Vol. III. London New York: Routledge. p. 188. ISBN 978-0-415-18499-1.