Has Economic Inequality Increased Since 1897? Probably Not.
Written by Gary North on January 21, 2014
Many people have heard about the 20-80 rule. This is Pareto’s famous law. Vilfredo Pareto was an Italian economist teaching in Switzerland in the late 19th century. In what remains the most important economics book never translated English, published in 1897, Pareto observed that the distribution of wealth in every European country he examined revealed […]Continue reading →