Empirical laws ... have only slight or even no value beyond the limits within which they have been observed to be true. - Vilfredo Pareto

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Empirical laws ... have only slight or even no value beyond the limits within which they have been observed to be true.

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About Vilfredo Pareto

Vilfredo Pareto (July 15 1848 – August 19 1923) was an Italian engineer, sociologist, economist, and philosopher, who contributed greatly to turning economics into a data-based science.

Also Known As

Alternative Names: Vilfredo Federico Damaso Pareto Wilfried Fritz Pareto Pareto
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Additional quotes by Vilfredo Pareto

The diverse natures of men, combined with the necessity to satisfy in some manner the sentiment which desires them to be equal, has had the result that in the democracies they have endeavored to provide the appearance of power in the people and the reality of power in an elite.

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