ManagementMania AppMania EduMania JobMania BusinessPages


Who is Vilfredo Pareto
Vifredo Pareto developed a mathematical Theory of Equilibrium of Leon Walras and laid the foundations of ordinalist utility theory. In management field he is known for Pareto Principle that says that 20 % of causes generate 80 % of results.
Embeded_vilfredo-pareto

Vilfredo Pareto

Vilfredo Federico Damaso Pareto was born on July 15, 1848 in Paris, France and died on August 19, 1923 in Geneva, Switzerland. After his father he was Italian, after mother, French. He graduated from civil engineering at the Polytechnic University of Turin. A couple of years working for the Italian State Railways, in 1886, began lecturing economics at the University of Florence. In 1893, he moved to the University of Lausanne in Switzerland. In economics, he developed a mathematical Theory of Equilibrium of Leon Walras and laid the foundations of ordinalist utility theory.

In management field he is known for Pareto Principle. In 1906, he noted that in Italy 80 % assets is owned by 20 % of the population. Joseph Moses Juran later generalized this rule.

Related terms and methods:

Related discipline:

Related personalities:

Related management field:

previous next
Did this article help you?
Rating:
Last update: 22.03.2016

Comments



To enter the discussion you must be signed in

Sign in


Related consulting companiesmore...