Apply The 80/20 Rule To Your Life.
Monday, December 10th, 2007Vilfredo Pareto was a French-Italian economist and philosopher that lived in the late 1800’s to early 1900’s. He made several important contributions in economics, especially in his studies of income distribution among individuals. His most famous concept is the Pareto principle of economics.
The Pareto principle, known famously as the 80-20 rule, states that, for any kind of event, 80% of the effects comes from 20% of the causes. (more…)
