Vilfredo Pareto (1848–1923) was an Italian economist, sociologist, and philosopher. He is best known for developing the ‘Pareto Principle’. It is also called the ‘80/20 rule’. He observed that roughly 80% of effects come from 20% of causes. He for example found that at the time in Italy approximately 20% of the population owned 80% of the land. Further analysis revealed … [Read more...] about Unlocking Efficiency with Pareto