Description: (Economist, Writer, Philosopher, Sociologist, University teacher)
Vilfredo Pareto, an Italian polymath, made notable contributions to sociology, civil engineering, economics, political science, and philosophy. He is credited with introducing the concept of Pareto efficiency and advancing the study of income distribution and individual choices in economics. Pareto popularized the term "elite" in social analysis and was a pioneer in proposing that income distribution follows a Pareto distribution. His work laid the foundation for the development of the Pareto principle, emphasizing the unequal distribution of wealth in society.