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Quote by Vilfredo Pareto

“The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively.”

Quote by Vilfredo Pareto

Book:Manual of political economy

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: Science and Human Values

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