Author

  • Alexandru Trifu

    • University Petre Andrei of Iasi
    • Romania

Abstract

Starting from the observations of Italian economist Vilfredo Pareto, in the early days of XX-th century, refering to personal income distribution, we are coming to understand that it is not enough heightens the wealth of a nations, so that collective welfare to increase. It requires that the wealth created to be equitably distributed and not equally. Today, the famous Paretian Principle 80/20 demonstrates that we must wisely use the resources (i.e. 20%), enhance productivity, competitiveness and sustainability of the entities on the markets, so as to maintain the favourable results in 80 % ratio, but also to be overcome. Due to the elements composing the concept of Pareto’s Law, but mainly to the practical use of the theoretical pattern of an ex-post nature, we consider it a true synapse within economics, in order to facilitate an well-functioning of the society and economy and to motivate a rising of productivity in all domains.

Keywords

References

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How to Cite

Trifu, A. (2012). Pareto’s Law As Structural Economic Synapse. Journal of Economics and Behavioral Studies, 4(1), 72-74. https://doi.org/10.22610/jebs.v4i1.304

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Copyright (c) 2012 Alexandru Trifu (Author)

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Section

Research Paper

Published in

Vol. 4 No. 1 (2012) Disclosure, Markets & Corporate Finance View issue contents

Published

2012-01-15

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