What was Vilfredo Pareto's profession?
Lawyer
Economist
Painter
Musician
Answer
Economist Vilfredo Pareto was an Italian sociologist, economist, and political scientist. He is best known for his development of the Pareto principle, which states that 80% of the effects come from 20% of the causes. Pareto also made significant contributions to the fields of welfare economics and income distribution. His work has had a profound influence on economics and other social sciences.
Mastering Pareto: Exploring the Legacy of Vilfredo Pareto in Sociology and Economics
More Questions
In which field did Pareto make significant contributions?
What concept is Pareto best known for in economics?
What principle is named after Vilfredo Pareto?
According to Pareto, what percentage of Italy's wealth was owned by 20% of the population?
What type of distribution did Pareto discover in income?
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