Block, SkipCaptcha, Automoderated users, Bots, edit
57,719
edits
Changes
Jump to navigation
Jump to search
Line 16:
Line 16: − where where N is the number of people with wealth higher than x, and A and m are constants. Over the years, Pareto's Law has proved remarkably close to observed data. +
→Inequality: Spelling/Grammar Check, typos fixed: where where → where
An important contribution still in use was his "Pareto's Law" of income distribution. He argued that in all countries and times, the distribution of income and wealth is highly skewed, with a few holding most of the wealth. He argued that all observed societies follow a regular logarithmic pattern:
An important contribution still in use was his "Pareto's Law" of income distribution. He argued that in all countries and times, the distribution of income and wealth is highly skewed, with a few holding most of the wealth. He argued that all observed societies follow a regular logarithmic pattern:
# log N = log A + m log x
# log N = log A + m log x
where N is the number of people with wealth higher than x, and A and m are constants. Over the years, Pareto's Law has proved remarkably close to observed data.
==Sociology of elites==
==Sociology of elites==