Vilfredo Pareto quotes
Vilfredo Pareto was an Italian economist, sociologist, and engineer, famous for the “Pareto Principle” or 80/20 rule. His work laid the foundations of modern microeconomics and influenced the study of wealth distribution and social systems. He made significant contributions to both economic theory and sociology, shaping how inequality is analyzed. Here are 16 of his quotes:
Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose.
Vilfredo Pareto
Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.
Vilfredo Pareto
The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively.
Vilfredo Pareto
Assume that the new elite were clearly and simply to proclaim its intentions which are to supplant the old elite; no one would come to its assistance, it would be defeated before having fought a battle. On the contrary, it appears to be asking nothing for itself, well knowing that without asking anything in advance it will obtain what it wants as a consequence of its victory.
Vilfredo Pareto