40% Off Your PurchasesVilfredo Pareto biography and publications | ToolsHero great www.toolshero.com · Vilfredo Pareto (1848 – 1923) was an Italian engineer, sociologist, economist, scientist and philosopher. During his career he made several important contributions to economics, including a study of national income distribution and tools to analyse individual choices.
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Instant 15% Off Using CouponThe Pareto Principle is a theory that centers on the belief that the majority of results are derived from a minority of sources. Legend has it the economist first detailed his theory in relation to his garden produce, where he observed that roughly 80% of the peas came from about 20% of the pods.
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Receive Up To 15% Off Any PurchaseEconomist Vilfredo Pareto developed the 80/20 Rule (also known as the Pareto principle) in 1906 when he noticed 80% of the land in Italy was owned by 20% of the population. It was in his garden too—80% of his peas came from 20% of his pea pods.
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