Vilfredo Pareto Quotes


Usually, so far as improvement in the people's economic conditions is concerned, humanitarians simply play the role of the busybody.


Citations

Vilfredo Pareto, 1848-1923, Italian sociologist, economist and philosopher, Manual of Political Economy

Sourced by: Eigen's Political and Historical Quotations

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When he wrote this article, America was in the middle of the Great Depression. In its first 3 years, President Herbert Hoover, a great believer in private charity, was so rigid in his ideology, that he refused to allow the Federal Government to provide some relief to the vast number of people in need who had overwhelmed the capacity of private charities. At the same time, the more affluent whose generosity funded the charities, had seen their own fortunes slashed by the depression and the themselves were often failing. When Franklin Delano Roosevelt was elected, he was much more flexible and when Flexner was writing this article, the Federal Government was performing many functions that before were only provided by private organizations.


Vilfredo Pareto
Vilfredo Pareto
  • Born: July 15, 1848
  • Died: August 19, 1923
  • Nationality: Italian
  • Profession: Economist

Vilfredo Federico Damaso Pareto was an Italian civil 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.