Birthdate: July 15, 1848
Sun Sign: Cancer
Birthplace: Paris
Died: August 19, 1923
Vilfredo Pareto, an Italian polymath, made significant contributions across various fields including sociology, civil engineering, economics, political science, and philosophy. He is credited with introducing the concept of Pareto efficiency and advancing the study of income distribution and individual choices in economics. Pareto popularized the term “elite” in social analysis and proposed that income distribution follows a Pareto distribution, leading to the development of the Pareto principle that underscores the unequal distribution of wealth in society.
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