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    Vincent van Vliet

    July 2, 2024

    Vilfredo Pareto (1848 – 1923) was an Italian engineer, sociologist, economist, scientist and philosopher.

    During his career Vilfredo Pareto made several important contributions to economics, including a study of national income distribution and tools to analyse individual choices. One of his best known theories is the 80-20 rule which was later developed by Joseph M.

    Juran. This article covers his biography, quotes and publications.

    Biography Vilfredo Pareto

    Vilfredo Pareto earned a Master’s degree in Engineering (MSc.) from what is now the Polytechnic University of Turin in 1870.

    A few years later he obtained his doctor’s degree (Ph.D.) at the same university with his dissertation ‘The Fundamental Principles of Equilibrium in Solid Bodies’.

    His interest in economics and sociology can be traced back in the equilibrium analyses.

    Shortly after he had obtained his doctorate, he wen