The notable Italian economist Vilfredo Pareto, father of the 80/20 theory and Paretos Optimatality, lived in Céligny, earning him the epithet of "hermit of Céligny".
The Pareto principle was a prominent part of the 2007 The 4-Hour Workweek by Tim Ferriss.
•
Even if we take the ten wealthiest individuals in the world, we see that the top three (Carlos Slim Helú, Warren Buffett, and Bill Gates) own as much as the next seven put together.
Vilfredo Pareto | Pareto | Archimedes' principle | uncertainty principle | Aufbau principle | The Principle of Evil Made Flesh | Pareto chart | Bernoulli's principle | An Essay on the Principle of Population | Pauli exclusion principle | Pareto principle | Pareto efficiency | Homestead principle | A Man of Principle | Superposition principle | Scheimpflug principle | Sabatier principle | Principle of indifference | Pontryagin's minimum principle | Peter Principle | Peter principle | Mediocrity principle | Maupertuis' principle | Mach's principle | Le Chatelier's principle | KISS principle | Jacobi's principle | Holographic principle | General Six-Principle Baptists | Fisher's principle |
In 1906, he made the famous observation that twenty percent of the population owned eighty percent of the property in Italy, later generalised by Joseph M. Juran into the Pareto principle (also termed the 80-20 rule).