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Vilfredo Federico Damaso Pareto[4][a] (born Wilfried Fritz Pareto; [7] 15 July 1848 – 19 August 1923) was an Italian polymath, whose areas of interest included sociology, civil engineering, economics, political science, and philosophy. He made several important contributions to economics, particularly in the study of income distribution and ...
The Mind and Society (Italian: Trattato di Sociologia Generale, lit. "Treatise on General Sociology") is a 1916 book by the Italian sociologist and economist Vilfredo Pareto (1848–1923). In this book Pareto presents the first sociological cycle theory, centered on the concept of an elite social class. The Mind and Society has been named, by ...
Circulation of elites. The circulation of elites is a theory of regime change described by Italian sociologist Vilfredo Pareto (1848–1923). Changes of regime, revolutions, and so on occur not when rulers are overthrown from below, but when one elite replaces another. The role of ordinary people in such transformation is not that of initiators ...
In philosophy, political science and sociology, elite theory is a theory of the state that seeks to describe and explain power relations in society.In its contemporary form in the 21st century, elite theory posits that (1) power in larger societies, especially nation-states, is concentrated at the top in relatively small elites; (2) power "flows predominantly in a top-down direction from ...
Pareto principle. The Pareto principle may apply to fundraising, i.e. 20% of the donors contributing towards 80% of the total. The Pareto principle (also known as the 80/20 rule, the law of the vital few and the principle of factor sparsity[1][2]) states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few").
The first social cycle theory in sociology was created by Italian sociologist and economist Vilfredo Pareto in his Trattato di Sociologia Generale (1916). He centered his theory on the concept of an elite social class, which he divided into cunning 'foxes' and violent 'lions'.
Under these assumptions, free-market processes yield an optimum of social welfare. This type of group welfare is called the Pareto optimum (criterion) after its discoverer Vilfredo Pareto. [19] Wolff and Resnick (2012) describe the Pareto optimality in another way. According to them, the term "Pareto optimal point" signifies the equality of ...
The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, [2] is a power-law probability distribution that is used in description of social, quality control, scientific, geophysical, actuarial, and many other types of observable phenomena; the principle originally applied to describing the distribution of wealth in a society, fitting the trend ...