“Increase in the wealth per capita fosters democracy; but the latter, at least according to what we have been able to observe up to now, entails great destruction of wealth and even eventually dries up the sources of it. Hence it is its own grave-digger, it destroys what gave it birth.”
Quote by Vilfredo Pareto
Work
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
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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Source: Manual of political economy
Source: Manual of political economy
Source: Manual of political economy
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“I don't think of myself as being a woman and having anything to prove.”