|Birthname||Wilfried Fritz Pareto|
|born on||15 July 1848 at 15:00 (= 3:00 PM )|
|Place||Paris, France, 48n52, 2e20|
|Timezone||LMT m2e20 (is local mean time)|
|Astrology data||23°09' 13°56 Asc. 19°39'|
Italian 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.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him and built on observations of his such as that 80% of the land in Italy was owned by 20% of the population. He also contributed to the fields of sociology and mathematics.
Pareto died on 19 August 1923 aged 75 in Céligny, Switzerland.
Sy Scholfield quotes from "Giornale degli economisti e rivista di statistica" (Athenaeum, 1924), p. 9: "Pareto nacque il 15 luglio 1848 a Parigi. Per chi ciò può aver interesse aggiungerò che nacque alle 3 pom., al no. 10 della rue Guy-La Brosse (casa che ancora esiste) dall'ingegnere marchese Raffaele Parete e dalla di costui moglie Maria Mettenier."
- Vocation : Engineer : Civil
- Vocation : Humanities+Social Sciences : Economics
- Vocation : Humanities+Social Sciences : Philosopher
- Vocation : Humanities+Social Sciences : Political Science
- Vocation : Humanities+Social Sciences : Sociologist
- Vocation : Science : Mathematics/ Statistics