Retrospectives
Pareto's Law
Bibliographic Data
| ID | 4029673 |
|---|---|
| Authors | J Persky (0000-0003-2183-9019, University of Illinois Chicago, corresponding author) |
| Year | 1992 |
| Volume | 6 |
| Issue | 2 |
| Pages | 181-192 |
| Publication date | 1992-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.6.2.181 |
| OpenAlex | W2059373760 |
| Language | EN |
| Citations received | 18 |
| References cited | 14 |
Vilfredo Pareto, using data for England, a number of Italian cities, several German states, Paris, and Peru, plotted cumulative distributions of income for these countries on double logarithmic paper. He claimed that in each case the result was a straight line with about the same slope. Thus, he asserted a law of income distribution. I discuss Pareto's discovery of this relationship; his theory of income distribution; Pareto's Law and Pareto optimality; the attack on Pareto's Law; the counterattack; and the more recent literature. For all the excesses of the Paretian camp followers, there remains the significant insight that the history of all hitherto existing society is a history of social hierarchies. There is the feel of structure behind income distributions. Something is going on here
Econometrics · Economics · Generalized Pareto distribution · Geography · German · Income distribution · Inequality · Lomax distribution · Mathematical economics · Operations management · Pareto distribution · Pareto efficiency · Pareto interpolation · Pareto principle · Political science · Statistics · Economic Theory and Policy · Income, Poverty, and Inequality · Law · Mathematics · Political Economy and Marxism
Re-engineering scientific credit in the era of the globalized information economy
Why econometricians don't replicate (although they do reproduce)
Looking for Those Natural Numbers
Power Laws in Economics and Finance
The Distribution of Wealth with Imperfect Altruism
From Newton’s Laws to Walras’ Equilibrium
Early attempts to integrate kinetic theory into economics in Italy between the wars
“Non-competing social groups”? The long debate on social mobility in Italy (c. 1890–1960)
Welfare, state, and values
Persuasion and Possibilities
Mandelbrot’s 1962 Compte Rendu de l’Académie des Sciences
Rank − 1 / 2
Investment Talent and the Pareto Wealth Distribution
The Discovery of the Gini Coefficient
Between Pareto and Gini
Power Laws in Economics
Measuring Inequality
Strikes as Forest Fires
| Unique citing works | 18 |
|---|---|
| Citations per year | 0,51 |
| Citation span | 1991 - 2026 (36) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 15 |