Word: vilfredo
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...long tail has its intellectual roots in economic ideas that date back a century. In 1906, Italian philosopher Vilfredo Pareto noted that 80% of the property in Italy is owned by 20% of the population, a formula that, much later, became known as the 80/20 rule. It has forever influenced brand management, customer service and even personnel development. Focus your attention and resources on that top 20%, which is where the best returns on investment can be found...
...Vilfredo Pareto, a 19th century economist, had a theory: if A equals a given income, and B equals the number of people in a country with incomes greater than A; and if the logarithms of A and B are plotted on the Cartesian y axis and x axis, respectively, the resulting curve will be inclined by approximately 56°. In other words, the rich get richer and the poor stay poor...
...Vilfredo Pareto (1848-1923) believed that society consists of an elite and a mass, the society's health depending on what he termed "The circulation of the elites." The elite must be "open"-must be able to expel Lions when Foxes are needed, must be able to smell out Foxes among the Rabbits and assimilate them into the elite. Such free circulation is a condition of intelligent government...
...MIND AND SOCIETY-Vilfredo Pareto-Harcourt, Brace (4 Vols...
When in 1921 Professor James Harvey Robinson wrote approvingly of the work of Vilfredo Pareto in his The Mind in the Making, few U. S. readers had heard the name of that eminent Italian sociologist or knew what sort of ideas he had advanced in his nine fat volumes. Widely recognized in Europe as a social scientist of great originality and erudition, as a vigorous commentator on world affairs in French and Italian newspapers, as professor of political economy at the University of Lausanne, Pareto's transatlantic reputation grew slowly after his death in 1923 and was almost entirely...