Vilfredo Pareto Quotes


Empirical laws [...] have only slight or even no value beyond the limits within which they have been observed to be true.


Citations

Pareto, Vilfredo. The Mind and Society. Harcourt, Brace and Company, 1935.

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Vilfredo Pareto
Vilfredo Pareto
  • Born: July 15, 1848
  • Died: August 19, 1923
  • Nationality: Italian
  • Profession: Economist

Vilfredo Federico Damaso Pareto was an Italian civil engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.