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Manual of political economy

This book delves into the foundational theories and concepts of political economy, examining the interplay between economic policies and social structures. It covers a range of topics including market dynamics, government intervention, and the historical development of economic thought. more

Author

Vilfredo Pareto
Vilfredo Pareto

Italian economist known for his theories on economic efficiency and income distribution. Pareto is famous for his 80/20 rule, which states that 80% of the results come from 20% of the causes. His theories have had a profound impact on economics, sociology, and political science. more

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“Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose.”

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“Assume that the new elite were clearly and simply to proclaim its intentions which are to supplant the old elite; no one would come to its assistance, it would be defeated before having fought a battle. On the contrary, it appears to be asking nothing for itself, well knowing that without asking anything in advance it will obtain what it wants as a consequence of its victory.”

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Book:Manual of political economy
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