Economists
Vilfredo Pareto
Citation Formats
General Reference
APA Style
BibTeX
Vilfredo Pareto was an Italian civil engineer turned economist and sociologist whose Manual of Political Economy (1906) formalized the idea, now called Pareto efficiency, that an allocation is optimal exactly when no one can be made better off without making someone else worse off. He also observed that income and wealth in the societies he studied followed a strikingly consistent unequal distribution, the empirical basis of what later became known as the Pareto principle.
Facts
Cross-Tradition Connections
Associated With School
Pareto succeeded Leon Walras to the chair of Political Economy at the University of Lausanne in 1893 and led the school for the rest of his life.
Concepts Originated
Sources
1. Wikipedia
Wikimedia FoundationLead section / Manual of Political EconomyQuote, Lead section / Manual of Political Economy
In his Manual of Political Economy (1906) the focus is on equilibrium in terms of solutions to individual problems of objectives and constraints.
1. Wikipedia
Wikimedia FoundationConcepts Originated: Pareto Efficiency, Vilfredo Pareto, Manual of Political Economy sectionView the Source 1. Wikipedia
Wikimedia FoundationAssociated With School: Lausanne School, Vilfredo Pareto, Lead sectionQuote, Associated With School: Lausanne School, Vilfredo Pareto, Lead section
Pareto was a leader of the 'Lausanne School' and represents the second generation of the Neoclassical Revolution.
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.