Vilfredo Pareto/Related Articles
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- Benito Mussolini : (1883-1945) The Fascist dictator of Italy from 1922 until 1943; as part of the Axis alliance, he led his country into war against France and Britain in 1940, and against the United States in 1941.
- Economics : The analysis of the production, distribution, and consumption of goods and services.
- Marginalist Revolution : The establishment of a Neoclassical approach to economic theory, commonly ascribed to 1871-74, when the concept of 'diminishing marginal utility' was introduced to pin down the character of demand.
- Neoclassical Schools (1871-today) : School of economic theory that flourished from about 1890 until the advent of Keynesian Economics, which asserted that market forces always would lead to efficient allocation of resources and full employment.
- Pareto efficiency : A Pareto-efficient situation is defined as one from which no change could benefit anyone without harming someone else, and the Pareto criterion for the assessment of a change requires that someone must gain from it and no-one most lose.
- Power law : A mathematical relationship between two quantities where one is proportional to a power of the other: that is, of the form where and are constants, with being referred to as the exponent.
- Talcott Parsons : Twentieth Century Harvard sociologist who developed theories of structural functionalism and social systems, highlighted the role of professions and organizations in modern society and made numerous other contributions to understanding of social relations.