where the right gets it roll

[evince]

what was it Parento studied to change the face of what economics was capable of?


it was income distribution world wide and throughout history


What was it this historical figure discovered about income distribution?

[evince]

Vilfredo Federico Damaso Pareto (/pəˈrɛtoʊ/; Italian: [vilˈfreːdo paˈreːto]; born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on observations of his such as that 80% of the land in Italy was owned by about 20% of the population. He also contributed to the fields of sociology and mathematics, according to the mathematician Benoit Mandelbrot and Richard L. Hudson:

here is the proof of his importance

[evince]

Benoît Mandelbrot wrote:
One of Pareto's equations achieved special prominence, and controversy. He was fascinated by problems of power and wealth. How do people get it? How is it distributed around society? How do those who have it use it? The gulf between rich and poor has always been part of the human condition, but Pareto resolved to measure it. He gathered reams of data on wealth and income through different centuries, through different countries: the tax records of Basel, Switzerland, from 1454 and from Augsburg, Germany, in 1471, 1498 and 1512; contemporary rental income from Paris; personal income from Britain, Prussia, Saxony, Ireland, Italy, Peru. What he found – or thought he found – was striking. When he plotted the data on graph paper, with income on one axis, and number of people with that income on the other, he saw the same picture nearly everywhere in every era. Society was not a "social pyramid" with the proportion of rich to poor sloping gently from one class to the next. Instead it was more of a "social arrow" – very fat on the bottom where the mass of men live, and very thin at the top where sit the wealthy elite. Nor was this effect by chance; the data did not remotely fit a bell curve, as one would expect if wealth were distributed randomly. "It is a social law", he wrote: something "in the nature of man".[16]:153
Pareto had argued that democracy was an illusion and that a ruling class always emerged and enriched itself. For him, the key question was how actively the rulers ruled. For this reason, he called for a drastic reduction of the state and welcomed Benito Mussolini's rule as a transition to this minimal state so as to liberate the "pure" economic forces.[17]

how the experts see Parentos contribution to the economic field

[evince]

Parento saw is results as some undeniable law of mankind


That it was NOT A PROBLEM that 80% of humankind should SUFFER and have miserable lives so that 20% could own 80% if the worlds assets.



what I have just stated is clearly his position.



DEREGULATION CAUSES MORE INEQUALITY



the freer markets are the more the 20% win everything



the freer the markets are the poorer and more desperate the poor get.



that is what Paretos findings found.



Parento being a sociopath and part of the 20% who get to win thought most of the world suffering was fine.



The founders of the United States Of America thought that was a bad idea.


They created a government that has NEVER BEFORE EXISTED to prove the sociopathic 20% were assholes and that the world could be a better place.



The Founders turned out to be correct



The USA gave a decent life to millions


Then the republican party started believing like Parento did


that the rich are just better than the 80% who they hated

[evince]

Laissez-faire



an economy unleashed



which through a deep study by Parento of the worlds economies throughout history proved creates an 80/20 economy



Its accepted economic math


still all these decades after Parentos death its accepted economic math.



EXCEPT for the Austrian school of economics


they hate math


so they do economics WITHOUT math


why?


because it completely destroys their failed ideas about the world

[canceled.2021.2]

You still don’t understand what you are posting even after it has been explained to you

Permanent thread ban and permanent ignore for you. You are too tedious and too stupid

[evince]

In what post did you "explain" russo bot hole

[evince]

yea

there isn't a post explaining your lie huh

[evince]

https://en.wikipedia.org/wiki/Vilfredo_Pareto


the guy who gave the republicans the idea that certain people are just going to control everything and to try and alter that is evil

Vilfredo Federico Damaso Pareto (/pəˈrɛtoʊ/; Italian: [vilˈfreːdo paˈreːto]; born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He was also the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him, and it was built on observations of his such as that 80% of the land in Italy was owned by about 20% of the population. He also contributed to the fields of sociology and mathematics, according to the mathematician Benoit Mandelbrot and Richard L. Hudson:

[evince]

https://en.wikipedia.org/wiki/Vilfredo_Pareto


the guy who gave the republicans the idea that certain people are just going to control everything and to try and alter that is evil

see


the right actually believes this

[evince]

https://www.justplainpolitics.com/sh...ay-to-go/page2


they will actually say it some times