Vilfredo Pareto

ONE OF THE CENTRAL problems of the ability theory of personal income distribution has been that income has been found empirically to be distributed according to Pareto’s law, N = Ax-B where N is the number of persons receiving x income or more. A and B are constants, the latter being about 1.5 and…

by James Alexander ITALIAN CONTRIBUTIONS to political and social thought are singularly impressive and, in fact, few nations are as favored with a tradition as long and as rich. One need only mention names such as Dante, Machiavelli, and Vico to appreciate the importance of Italy in this respect. In…