What did Pareto's income distribution theory challenge?
Traditional views of equality
Quantum physics
Classical mechanics
Evolutionary biology
Answer
Pareto's income distribution theory challenged traditional views of equality by demonstrating that income is not evenly distributed in society. Instead, he found that a small percentage of the population controls a large proportion of the wealth, while the majority of the population has a relatively small share. This inequality is known as the Pareto distribution, and it has been observed in many countries and time periods.
Mastering Pareto: Exploring the Legacy of Vilfredo Pareto in Sociology and Economics
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