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Quote by Vilfredo Pareto

“The party that called itself liberal aimed at respecting the liberty to dispose of one's own goods”

Quote by Vilfredo Pareto

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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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“Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.”

“Liberalism is, in fact, the ideology of the capitalist revolution that prodigiously raised the living standards of the mass of people; a doctrine gradually elaborated over several centuries, which offered a new concept of social order, encompassing freedom in the only form suited to the modern world. Step by step, in practice and theory, the various sectors of human activity were withdrawn from the jurisdiction of coercive authority and given over to the voluntary action of self-regulating society.”