Random Person of the Day: Vilfredo Federico Damaso Pareto
Vilfredo Federico Damaso Pareto
Vilfredo Federico Damaso Pareto [vil'fre:do pa're:to] (July 15, 1848, Paris - August 19, 1923, Geneva) was a French-Italian sociologist, economist and philosopher. He made several important contributions especially in the study of income distribution and in the analysis of individuals' choices. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics.