Vilfredo Pareto Quotes


The class struggle, to which Marx has specially drawn attention, is a real factor, the tokens of which are to be found on every page of history. But the struggle is not confined only to two classes: the proletariat and the capitalist; it occurs between an infinite number of groups with different interests, and above all between the elites contending for power. The existence of these groups may vary in duration, they may be based on permanent or more or less temporary characteristics. In the most savage peoples, and perhaps in all, sex determines two of these groups.


Citations

Vilfredo Pareto, 1848-1923, Italian sociologist, economist and philosopher, Les Systemes Socialistes, 1902

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This was the prevailing view in Europe at the time; it was less so in the United States, where there were so many people who owned their own land and farmed it or developed manufacturing facilities and hence were the mind AND the limbs of the enterprises. However, the upper classes tended to agree with the European view. The difference between the American and European views was one of class mobility. In America “limbs” who demonstrated capacities of “mind” were much more able to advance in America. However, even into the 21st century here was a general feeling of the upper class that the “minds” made the critical and impactful decisions. This is one of the reasons that executive and CEO pay advanced so rapidly when compared with workers (the “linbs”).


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.