98-523: [REDACTED] Look up pareto in Wiktionary, the free dictionary. Pareto may refer to: People [ edit ] Vilfredo Pareto (1848–1923), Italian economist, political scientist, and philosopher, works named for him include: Pareto analysis , a statistical analysis tool in problem solving Pareto distribution , a power-law probability distribution Pareto efficiency Pareto front ,
196-504: A civil engineer , first for the state-owned Italian Railway Company and later in private industry. He was manager of the Iron Works of San Giovanni Valdarno and later general manager of Italian Iron Works. He did not begin serious work in economics until his mid-forties. He started his career as a fiery advocate of classical liberalism , besetting the most ardent British liberals with his attacks on any form of government intervention in
294-425: A linguistic therapy. According to Ludwig Wittgenstein , for instance, philosophy aims at dispelling misunderstandings to which humans are susceptible due to the confusing structure of ordinary language . Phenomenologists , such as Edmund Husserl , characterize philosophy as a "rigorous science" investigating essences . They practice a radical suspension of theoretical assumptions about reality to get back to
392-545: A doctor diagnoses a disease based on the observed symptoms. Logic also investigates incorrect forms of reasoning. They are called fallacies and are divided into formal and informal fallacies based on whether the source of the error lies only in the form of the argument or also in its content and context. Metaphysics is the study of the most general features of reality , such as existence, objects and their properties , wholes and their parts , space and time , events , and causation . There are disagreements about
490-749: A doctorate in engineering from what is now the Polytechnic University of Turin , then known as the Technical School for Engineers, with a dissertation entitled "The Fundamental Principles of Equilibrium in Solid Bodies". His later interest in equilibrium analysis in economics and sociology can be traced back to this dissertation. Pareto was among the contributors to the Rome-based magazine La Ronda between 1919 and 1922. For some years after graduation, Pareto worked as
588-444: A great variety of methods to arrive at philosophical knowledge. They include conceptual analysis , reliance on common sense and intuitions , use of thought experiments , analysis of ordinary language , description of experience , and critical questioning . Philosophy is related to many other fields, including the sciences, mathematics , business , law , and journalism . It provides an interdisciplinary perspective and studies
686-497: A mathematical realization of Pareto's law, and Ophelimity is a measure of purely economic satisfaction. The Pareto index is a measure of the inequality of income distribution. Pareto 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: N = A x m {\displaystyle \ N=Ax^{m}} where N
784-702: A metaphysical foundation of ethics. The modern period in Chinese philosophy began in the early 20th century and was shaped by the influence of and reactions to Western philosophy. The emergence of Chinese Marxism —which focused on class struggle , socialism , and communism —resulted in a significant transformation of the political landscape. Another development was the emergence of New Confucianism , which aims to modernize and rethink Confucian teachings to explore their compatibility with democratic ideals and modern science. Traditional Japanese philosophy assimilated and synthesized ideas from different traditions, including
882-468: A noticeable growth in the number of female philosophers , but they still remained underrepresented. Arabic–Persian philosophy arose in the early 9th century CE as a response to discussions in the Islamic theological tradition . Its classical period lasted until the 12th century CE and was strongly influenced by ancient Greek philosophers. It employed their ideas to elaborate and interpret the teachings of
980-475: A paradigmatic way at the moment in which he, starting from the political economy, criticizes positivism as a totalizing and metaphysical system devoid of a rigorous logical-experimental method. In this sense we can read the fate of the Paretian production within a history of the social sciences that continues to show its peculiarity and interest for its contributions in the 21st century. The story of Pareto
1078-460: A part of intellectual history , but it also investigates questions not covered by intellectual history such as whether the theories of past philosophers are true and have remained philosophically relevant. The history of philosophy is primarily concerned with theories based on rational inquiry and argumentation; some historians understand it in a looser sense that includes myths , religious teachings , and proverbial lore. Influential traditions in
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#17327719329461176-421: A predecessor of fascism as a result of his support for the movement when it began. Cirillo disagreed with this interpretation, suggesting that Pareto was critical of fascism in his private letters. Pareto argued that democracy was an illusion and that a ruling class always emerged and enriched itself. For him, the key question was how actively the rulers ruled. For this reason, he called for a drastic reduction of
1274-463: A systems approach to society and economics that argues the status quo is usually functional. The American historian Bernard DeVoto played an important role in introducing Pareto's ideas to these Cambridge intellectuals and other Americans in the 1930s. Wallace Stegner , in his biography of DeVoto, recounts these developments and says this about the often misunderstood distinction between "residues" and "derivations". He wrote: "Basic to Pareto's method
1372-665: A town in Italy Pareto Group , a Norwegian finance company See also [ edit ] All pages with titles beginning with Pareto All pages with titles containing Pareto [REDACTED] Look up pareto in Wiktionary, the free dictionary. Paret , a surname Pereto , a town in Italy Perito , a town in Italy Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
1470-612: A variety of arguments. Deductive arguments are mainly studied by formal logic. An argument is deductively valid if the truth of its premises ensures the truth of its conclusion. Deductively valid arguments follow a rule of inference , like modus ponens , which has the following logical form : " p ; if p then q ; therefore q ". An example is the argument "today is Sunday; if today is Sunday then I don't have to go to work today; therefore I don't have to go to work today". The premises of non-deductive arguments also support their conclusion, although this support does not guarantee that
1568-494: Is a combination of different parts and attempts to identify what those parts are. An influential theory in this area claims that knowledge has three components: it is a belief that is justified and true . This theory is controversial and the difficulties associated with it are known as the Gettier problem . Alternative views state that knowledge requires additional components, like the absence of luck; different components, like
1666-510: Is a common issue in relation to the sources of knowledge and the justification they offer. It is based on the idea that beliefs require some kind of reason or evidence to be justified. The problem is that the source of justification may itself be in need of another source of justification. This leads to an infinite regress or circular reasoning . Foundationalists avoid this conclusion by arguing that some sources can provide justification without requiring justification themselves. Another solution
1764-561: Is a set of essential features shared by all parts of philosophy. Others see only weaker family resemblances or contend that it is merely an empty blanket term. Precise definitions are often only accepted by theorists belonging to a certain philosophical movement and are revisionistic according to Søren Overgaard et al. in that many presumed parts of philosophy would not deserve the title "philosophy" if they were true. Some definitions characterize philosophy in relation to its method, like pure reasoning. Others focus on its topic, for example, as
1862-414: Is a systematic study of general and fundamental questions concerning topics like existence , reason , knowledge , value , mind , and language . It is a rational and critical inquiry that reflects on its own methods and assumptions. Historically, many of the individual sciences , such as physics and psychology , formed part of philosophy. However, they are considered separate academic disciplines in
1960-467: Is also concerned with the moral evaluation of character traits and institutions. It explores what the standards of morality are and how to live a good life. Philosophical ethics addresses such basic questions as "Are moral obligations relative?"; "Which has priority: well-being or obligation?"; and "What gives life meaning?" The main branches of ethics are meta-ethics , normative ethics , and applied ethics . Meta-ethics asks abstract questions about
2058-575: Is also part of the multidisciplinary research of a scientific model that privileges sociology as a critique of cumulative models of knowledge as well as a discipline tending to the affirmation of relational models of science. In 1889, Pareto married Alessandrina Bakunina , a Russian woman. She left him in 1902 for a young servant. Twenty years later in 1923, he married Jeanne Regis, a French woman, just before his death in Geneva , Switzerland, on 19 August 1923. Pareto's later years were spent in collecting
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#17327719329462156-483: Is an expression of the philosopher's love of wisdom and has the aim of improving one's well-being by leading a reflective life. For example, the Stoics saw philosophy as an exercise to train the mind and thereby achieve eudaimonia and flourish in life. As a discipline, the history of philosophy aims to provide a systematic and chronological exposition of philosophical concepts and doctrines. Some theorists see it as
2254-451: Is closely related to the disciplines of logic and linguistics. The philosophy of language rose to particular prominence in the early 20th century in analytic philosophy due to the works of Frege and Russell. One of its central topics is to understand how sentences get their meaning. There are two broad theoretical camps: those emphasizing the formal truth conditions of sentences and those investigating circumstances that determine when it
2352-408: Is concerned with meaning , understanding , or the clarification of language. According to one view, philosophy is conceptual analysis , which involves finding the necessary and sufficient conditions for the application of concepts. Another definition characterizes philosophy as thinking about thinking to emphasize its self-critical, reflective nature. A further approach presents philosophy as
2450-441: Is different from Wikidata All article disambiguation pages All disambiguation pages Vilfredo Pareto Vilfredo Federico Damaso Pareto (born Wilfried Fritz Pareto ; 15 July 1848 – 19 August 1923) was an Italian polymath , whose areas of interest included sociology , civil engineering , economics , political science , and philosophy . He made several important contributions to economics, particularly in
2548-460: Is itself a borrowing from the Latin philosophia . The term philosophy acquired the meanings of "advanced study of the speculative subjects ( logic , ethics , physics , and metaphysics )", "deep wisdom consisting of love of truth and virtuous living", "profound learning as transmitted by the ancient writers", and "the study of the fundamental nature of knowledge , reality , and existence , and
2646-447: Is nonlogical and that much personal action is designed to give spurious logicality to non-rational actions. We are driven, he taught, by certain "residues" and by "derivations" from these residues. The more important of these have to do with conservatism and risk-taking, and human history is the story of the alternate dominance of these sentiments in the ruling elite, which comes into power strong in conservatism but gradually changes over to
2744-475: Is presented by coherentists , who state that a belief is justified if it coheres with other beliefs of the person. Many discussions in epistemology touch on the topic of philosophical skepticism , which raises doubts about some or all claims to knowledge. These doubts are often based on the idea that knowledge requires absolute certainty and that humans are unable to acquire it. Ethics, also known as moral philosophy, studies what constitutes right conduct . It
2842-418: Is sometimes understood as a proper science in its own right. According to some naturalistic philosophers , such as W. V. O. Quine , philosophy is an empirical yet abstract science that is concerned with wide-ranging empirical patterns instead of particular observations. Science-based definitions usually face the problem of explaining why philosophy in its long history has not progressed to the same extent or in
2940-439: Is that actions are in tune with those duties and not what consequences they have. Virtue theorists judge actions based on how the moral character of the agent is expressed. According to this view, actions should conform to what an ideally virtuous agent would do by manifesting virtues like generosity and honesty . Logic is the study of correct reasoning . It aims to understand how to distinguish good from bad arguments . It
3038-468: Is the 1687 book Philosophiæ Naturalis Principia Mathematica by Isaac Newton . This book referred to natural philosophy in its title, but it is today considered a book of physics. The meaning of philosophy changed toward the end of the modern period when it acquired the more narrow meaning common today. In this new sense, the term is mainly associated with philosophical disciplines like metaphysics, epistemology, and ethics. Among other topics, it covers
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3136-481: Is the analysis of society through its non-rational 'residues,' which are persistent and unquestioned social habits, beliefs, and assumptions, and its 'derivations,' which are the explanations, justifications, and rationalizations we make of them. One of the commonest errors of social thinkers is to assume rationality and logic in social attitudes and structures; another is to confuse residues and derivations." Renato Cirillo wrote that Pareto had frequently been considered
3234-490: Is the number of people with wealth higher than x, and A and m are constants. Over the years, Pareto's law proved remarkably close to observed data, with economists typically finding it plausible according to the Encyclopædia Britannica . The Pareto efficiency is generally not very discriminating while the concept of potential Pareto-efficiency, also known as Kaldor-Hicks efficiency, is more discriminating and
3332-561: Is the study of correct reasoning and explores how good arguments can be distinguished from bad ones. Metaphysics examines the most general features of reality , existence, objects , and properties . Other subfields are aesthetics , philosophy of language , philosophy of mind , philosophy of religion , philosophy of science , philosophy of mathematics , philosophy of history , and political philosophy . Within each branch, there are competing schools of philosophy that promote different principles, theories, or methods. Philosophers use
3430-462: Is truth established?"; and "Can we prove causal relations?" Epistemology is primarily interested in declarative knowledge or knowledge of facts, like knowing that Princess Diana died in 1997. But it also investigates practical knowledge , such as knowing how to ride a bicycle, and knowledge by acquaintance , for example, knowing a celebrity personally. One area in epistemology is the analysis of knowledge . It assumes that declarative knowledge
3528-456: Is usually divided into formal and informal logic . Formal logic uses artificial languages with a precise symbolic representation to investigate arguments. In its search for exact criteria, it examines the structure of arguments to determine whether they are correct or incorrect. Informal logic uses non-formal criteria and standards to assess the correctness of arguments. It relies on additional factors such as content and context. Logic examines
3626-556: Is whether beauty is an objective feature of entities or a subjective aspect of experience. Aesthetic philosophers also investigate the nature of aesthetic experiences and judgments . Further topics include the essence of works of art and the processes involved in creating them. The philosophy of language studies the nature and function of language . It examines the concepts of meaning , reference , and truth. It aims to answer questions such as how words are related to things and how language affects human thought and understanding. It
3724-657: Is widely used in economics. A common criticism outside of economics is that it relies on subjective preferences. According to Oxford Reference , the Pareto principle can be controversial in welfare economics since its assumptions are empirically questionable, may embody value-judgements, and tend to favour the status quo . As a result of its silence on the initial distribution of resources, most sociologists are also critical of Paretian welfare economics. Philosophy Philosophy ('love of wisdom' in Ancient Greek )
3822-527: The Quran . Al-Kindi (801–873 CE) is usually regarded as the first philosopher of this tradition. He translated and interpreted many works of Aristotle and Neoplatonists in his attempt to show that there is a harmony between reason and faith . Avicenna (980–1037 CE) also followed this goal and developed a comprehensive philosophical system to provide a rational understanding of reality encompassing science, religion, and mysticism. Al-Ghazali (1058–1111 CE)
3920-540: The free market . In 1886, he became a lecturer on economics and management at the University of Florence . His stay in Florence was marked by political activity, much of it fueled by his own frustrations with government regulators. In 1889, after the death of his parents, Pareto changed his lifestyle, quitting his job and marrying a Russian woman, Alessandrina Bakunina. In 1893, Pareto succeeded Léon Walras to
4018-420: The "things themselves", that is, as originally given in experience. They contend that this base-level of experience provides the foundation for higher-order theoretical knowledge, and that one needs to understand the former to understand the latter. An early approach found in ancient Greek and Roman philosophy is that philosophy is the spiritual practice of developing one's rational capacities. This practice
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4116-479: The 21st century are based on Pareto’s work. The Pareto chart is a special type of histogram , used to view the causes of a problem in order of severity from largest to smallest. It is a statistical tool that graphically demonstrates the Pareto principle or the 80–20 rule. The Pareto principle concerns the distribution of income, while the Pareto distribution is a probability distribution used, among other things, as
4214-412: The 5th century CE. Its focus was on religious topics and many thinkers used ancient philosophy to explain and further elaborate Christian doctrines . The Renaissance period started in the 14th century and saw a renewed interest in schools of ancient philosophy, in particular Platonism . Humanism also emerged in this period. The modern period started in the 17th century. One of its central concerns
4312-601: The Italian government. His writings reflected the ideas of Léon Walras that economics is essentially a mathematical science. Pareto was a leader of the " Lausanne School " and represents the second generation of the Neoclassical Revolution . His "tastes-and-obstacles" approach to general equilibrium theory was resurrected during the great "Paretian Revival" of the 1930s and has influenced theoretical economics since. In his Manual of Political Economy (1906)
4410-442: The basic limits of human understanding". Before the modern age, the term philosophy was used in a wide sense. It included most forms of rational inquiry, such as the individual sciences , as its subdisciplines. For instance, natural philosophy was a major branch of philosophy. This branch of philosophy encompassed a wide range of fields, including disciplines like physics, chemistry , and biology . An example of this usage
4508-487: The beginning of his tenure as prime minister. Karl Popper dubbed Pareto the "theoretician of totalitarianism"; according to Cirillo, there is no evidence in Popper's published work that he read Pareto in any detail before repeating what was then a common but dubious judgement in anti-fascist circles. Pareto turned his interest to economic matters, and he became an advocate of free trade , finding himself in conflict with
4606-441: The beginning of the 20th century. It discusses topics such as ethnophilosophy , négritude , pan-Africanism , Marxism, postcolonialism , the role of cultural identity, relativism , epistemological dualism , and the critique of Eurocentrism . Philosophical questions can be grouped into several branches. These groupings allow philosophers to focus on a set of similar topics and interact with other thinkers who are interested in
4704-483: The chair of Political Economy at the University of Lausanne in Switzerland where he remained for the rest of his life. He published there in 1896–1897 a textbook containing the Pareto distribution of how wealth is distributed, which he believed was a constant "through any human society, in any age, or country". In 1906, he made the famous observation that twenty per cent of the population owned eighty per cent of
4802-560: The color red, can exist at different locations at the same time. This is not the case for particulars including individual persons or specific objects. Other metaphysical questions are whether the past fully determines the present and what implications this would have for the existence of free will . There are many other subfields of philosophy besides its core branches. Some of the most prominent are aesthetics, philosophy of language, philosophy of mind, philosophy of religion, philosophy of science, and political philosophy. Aesthetics in
4900-461: The conclusion is true. One form is inductive reasoning . It starts from a set of individual cases and uses generalization to arrive at a universal law governing all cases. An example is the inference that "all ravens are black" based on observations of many individual black ravens. Another form is abductive reasoning . It starts from an observation and concludes that the best explanation of this observation must be true. This happens, for example, when
4998-614: The consequences of the general theories developed by normative ethics in specific situations, for example, in the workplace or for medical treatments. Within contemporary normative ethics, consequentialism, deontology , and virtue ethics are influential schools of thought. Consequentialists judge actions based on their consequences. One such view is utilitarianism , which argues that actions should increase overall happiness while minimizing suffering. Deontologists judge actions based on whether they follow moral duties, such as abstaining from lying or killing. According to them, what matters
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#17327719329465096-400: The emergence and application of formal logic , the focus on the role of language as well as pragmatism , and movements in continental philosophy like phenomenology, existentialism , and post-structuralism . The 20th century saw a rapid expansion of academic philosophy in terms of the number of philosophical publications and philosophers working at academic institutions . There was also
5194-482: The emergence of non-Vedic teachings, like Buddhism and Jainism . Buddhism was founded by Gautama Siddhartha (563–483 BCE), who challenged the Vedic idea of a permanent self and proposed a path to liberate oneself from suffering . Jainism was founded by Mahavira (599–527 BCE), who emphasized non-violence as well as respect toward all forms of life. The subsequent classical period started roughly 200 BCE and
5292-441: The exploration of the nature of reality and the ways of arriving at knowledge. Chinese philosophy focuses principally on practical issues in relation to right social conduct, government, and self-cultivation . Major branches of philosophy are epistemology , ethics , logic , and metaphysics . Epistemology studies what knowledge is and how to acquire it. Ethics investigates moral principles and what constitutes right conduct. Logic
5390-407: The features that all entities have in common. Specific metaphysics is interested in different kinds of being, the features they have, and how they differ from one another. An important area in metaphysics is ontology . Some theorists identify it with general metaphysics. Ontology investigates concepts like being , becoming , and reality. It studies the categories of being and asks what exists on
5488-512: The focus is on equilibrium in terms of solutions to individual problems of "objectives and constraints". He used the indifference curve of Edgeworth (1881) extensively, for the theory of the consumer and, another great novelty, in his theory of the producer. He gave the first presentation of the trade-off box now known as the "Edgeworth-Bowley" box. Pareto was the first to realize that cardinal utility could be dispensed with, and economic equilibrium thought of in terms of ordinal utility, that is, it
5586-460: The government of the Italian statesman Giovanni Giolitti for not taking a tougher stance against worker strikes. Growing unrest among labour in the Kingdom of Italy led him to the anti-socialist and anti-democratic camp. His attitude towards Italian fascism in his last years is a matter of controversy. Pareto's relationship with scientific sociology in the age of the foundation is grafted in
5684-539: The history of philosophy include Western , Arabic–Persian , Indian , and Chinese philosophy . Other philosophical traditions are Japanese philosophy , Latin American philosophy , and African philosophy . Western philosophy originated in Ancient Greece in the 6th century BCE with the pre-Socratics . They attempted to provide rational explanations of the cosmos as a whole. The philosophy following them
5782-420: The importance of a strong state and strict laws. Buddhism was introduced to China in the 1st century CE and diversified into new forms of Buddhism . Starting in the 3rd century CE, the school of Xuanxue emerged. It interpreted earlier Daoist works with a specific emphasis on metaphysical explanations. Neo-Confucianism developed in the 11th century CE. It systematized previous Confucian teachings and sought
5880-419: The indigenous Shinto religion and Chinese and Indian thought in the forms of Confucianism and Buddhism, both of which entered Japan in the 6th and 7th centuries. Its practice is characterized by active interaction with reality rather than disengaged examination. Neo-Confucianism became an influential school of thought in the 16th century and the following Edo period and prompted a greater focus on language and
5978-483: The interconnectedness of all things. Latin American philosophy during the colonial period , starting around 1550, was dominated by religious philosophy in the form of scholasticism . Influential topics in the post-colonial period were positivism , the philosophy of liberation , and the exploration of identity and culture. Early African philosophy, like Ubuntu philosophy , was focused on community, morality, and ancestral ideas. Systematic African philosophy emerged at
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#17327719329466076-551: The manifestation of cognitive virtues instead of justification; or they deny that knowledge can be analyzed in terms of other phenomena. Another area in epistemology asks how people acquire knowledge. Often-discussed sources of knowledge are perception , introspection , memory , inference , and testimony . According to empiricists , all knowledge is based on some form of experience. Rationalists reject this view and hold that some forms of knowledge, like innate knowledge , are not acquired through experience. The regress problem
6174-478: The material for his best-known work, Trattato di sociologia generale (1916) ( The Mind and Society , published in 1935). His final work was Compendio di sociologia generale (1920). In his Trattato di Sociologia Generale (1916, rev. French trans. 1917), published in English by Harcourt, Brace , in a four-volume edition edited by Arthur Livingston under the title The Mind and Society (1935), Pareto developed
6272-496: The modern sense of the term. Influential traditions in the history of philosophy include Western , Arabic–Persian , Indian , and Chinese philosophy . Western philosophy originated in Ancient Greece and covers a wide area of philosophical subfields. A central topic in Arabic–Persian philosophy is the relation between reason and revelation . Indian philosophy combines the spiritual problem of how to reach enlightenment with
6370-596: The most fundamental level. Another subfield of metaphysics is philosophical cosmology . It is interested in the essence of the world as a whole. It asks questions including whether the universe has a beginning and an end and whether it was created by something else. A key topic in metaphysics concerns the question of whether reality only consists of physical things like matter and energy. Alternative suggestions are that mental entities (such as souls and experiences ) and abstract entities (such as numbers) exist apart from physical things. Another topic in metaphysics concerns
6468-404: The most influential philosophers of the subsequent period. The increasing influence of Western thought and institutions in the 19th and 20th centuries gave rise to the intellectual movement of Islamic modernism , which aims to understand the relation between traditional Islamic beliefs and modernity. One of the distinguishing features of Indian philosophy is that it integrates the exploration of
6566-472: The natural and social sciences, religion, and mathematics. Epistemology is the branch of philosophy that studies knowledge. It is also known as theory of knowledge and aims to understand what knowledge is, how it arises, what its limits are, and what value it has. It further examines the nature of truth , belief , justification , and rationality . Some of the questions addressed by epistemologists include "By what method(s) can one acquire knowledge?"; "How
6664-504: The natural world. The Kyoto School emerged in the 20th century and integrated Eastern spirituality with Western philosophy in its exploration of concepts like absolute nothingness ( zettai-mu ), place ( basho ), and the self . Latin American philosophy in the pre-colonial period was practiced by indigenous civilizations and explored questions concerning the nature of reality and the role of humans. It has similarities to indigenous North American philosophy , which covered themes such as
6762-455: The nature and sources of morality. It analyzes the meaning of ethical concepts, like right action and obligation . It also investigates whether ethical theories can be true in an absolute sense and how to acquire knowledge of them. Normative ethics encompasses general theories of how to distinguish between right and wrong conduct. It helps guide moral decisions by examining what moral obligations and rights people have. Applied ethics studies
6860-471: The nature of reality, the ways of arriving at knowledge, and the spiritual question of how to reach enlightenment . It started around 900 BCE when the Vedas were written. They are the foundational scriptures of Hinduism and contemplate issues concerning the relation between the self and ultimate reality as well as the question of how souls are reborn based on their past actions . This period also saw
6958-399: The notion of Pareto-optimality, the idea that a system is enjoying maximum economic satisfaction when no one can be made better off without making someone else worse off. Pareto optimality is widely used in welfare economics and game theory. A standard theorem is that a perfectly competitive market creates distributions of wealth that are Pareto optimal. Some economic concepts still in use in
7056-437: The notion of the circulation of elites , the first social cycle theory in sociology. He is famous for saying "history is a graveyard of aristocracies". Pareto might have turned to sociology for an understanding of why his mathematical economic theories did not always predict actions of individuals in practice, in the belief that unforeseen or uncontrollable social factors intervened. His sociology holds that much social action
7154-436: The philosophical sense is the field that studies the nature and appreciation of beauty and other aesthetic properties, like the sublime . Although it is often treated together with the philosophy of art , aesthetics is a broader category that encompasses other aspects of experience, such as natural beauty. In a more general sense, aesthetics is "critical reflection on art, culture, and nature ". A key question in aesthetics
7252-579: The philosophy of the "foxes" or speculators. A catastrophe results, with a return to conservatism; the "lion" mentality follows. This cycle might be broken by the use of force, says Pareto, but the elite becomes weak and humanitarian and shrinks from violence. Among those who introduced Pareto's sociology to the United States were George C. Homans and Lawrence Joseph Henderson at Harvard, and Paretian ideas gained considerable influence, especially on Harvard sociologist Talcott Parsons , who developed
7350-417: The precise definition of the term and its meaning has changed throughout the ages. Metaphysicians attempt to answer basic questions including " Why is there something rather than nothing? "; "Of what does reality ultimately consist?"; and "Are humans free?" Metaphysics is sometimes divided into general metaphysics and specific or special metaphysics. General metaphysics investigates being as such. It examines
7448-400: The problem of identity . One question is how much an entity can change while still remaining the same entity. According to one view, entities have essential and accidental features . They can change their accidental features but they cease to be the same entity if they lose an essential feature. A central distinction in metaphysics is between particulars and universals . Universals, like
7546-471: The property in Italy, later generalised by Joseph M. Juran into the Pareto principle, also termed the 80–20 rule . Pareto maintained cordial personal relationships with individual socialists but always thought their economic ideas were severely flawed. He later became suspicious of their motives and denounced socialist leaders as an "aristocracy of brigands" who threatened to despoil the country and criticized
7644-428: The provocative, vexing, and enduring problems central to the human condition. The philosophical pursuit of wisdom involves asking general and fundamental questions. It often does not result in straightforward answers but may help a person to better understand the topic, examine their life, dispel confusion, and overcome prejudices and self-deceptive ideas associated with common sense. For example, Socrates stated that "
7742-436: The rational study of reality, knowledge, and values. It is distinguished from other disciplines of rational inquiry such as the empirical sciences and mathematics . The practice of philosophy is characterized by several general features: it is a form of rational inquiry, it aims to be systematic, and it tends to critically reflect on its own methods and presuppositions. It requires attentively thinking long and carefully about
7840-488: The same questions. Epistemology, ethics, logic, and metaphysics are sometimes listed as the main branches. There are many other subfields besides them and the different divisions are neither exhaustive nor mutually exclusive. For example, political philosophy, ethics, and aesthetics are sometimes linked under the general heading of value theory as they investigate normative or evaluative aspects. Furthermore, philosophical inquiry sometimes overlaps with other disciplines in
7938-410: The same way as the sciences. This problem is avoided by seeing philosophy as an immature or provisional science whose subdisciplines cease to be philosophy once they have fully developed. In this sense, philosophy is sometimes described as "the midwife of the sciences". Other definitions focus on the contrast between science and philosophy. A common theme among many such conceptions is that philosophy
8036-508: The scope and fundamental concepts of these fields. It also investigates their methods and ethical implications. The word philosophy comes from the Ancient Greek words φίλος ( philos ) ' love ' and σοφία ( sophia ) ' wisdom ' . Some sources say that the term was coined by the pre-Socratic philosopher Pythagoras , but this is not certain. The word entered the English language primarily from Old French and Anglo-Norman starting around 1175 CE. The French philosophie
8134-576: The set of all Pareto efficient solutions Pareto principle , or the 80-20 rule Bartolomeo Pareto , medieval priest and cartographer from Genoa Graziella Pareto (1889–1973), Catalan soprano Lorenzo Pareto (1800–1865), Italian geologist and statesman Paula Pareto (born 1986), Argentine judoka Benedetto Pareto, builder of the Shrine of Nostra Signora della Guardia in Liguria, Italy Other uses [ edit ] Pareto, Piedmont ,
8232-472: The state and welcomed Benito Mussolini 's rule as a transition to this minimal state so as to liberate the perceived pure economic forces. As a young student, Mussolini had attended some of Pareto's lectures at the University of Lausanne in 1904. It has been argued that Mussolini's move away from socialism towards a form of elitism may be attributed to Pareto's ideas. Franz Borkenau , a biographer, argued that Mussolini followed Pareto's policy ideas during
8330-416: The study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term elite in social analysis. He introduced the concept of Pareto efficiency and helped develop the field of microeconomics . He was also the first to claim that income follows a Pareto distribution , which is a power law probability distribution. The Pareto principle
8428-598: The study of the biggest patterns of the world as a whole or as the attempt to answer the big questions. Such an approach is pursued by Immanuel Kant , who holds that the task of philosophy is united by four questions: "What can I know?"; "What should I do?"; "What may I hope?"; and "What is the human being?" Both approaches have the problem that they are usually either too wide, by including non-philosophical disciplines, or too narrow, by excluding some philosophical sub-disciplines. Many definitions of philosophy emphasize its intimate relation to science. In this sense, philosophy
8526-469: The teachings of Advaita Vedanta to argue that all the different religions are valid paths toward the one divine. Chinese philosophy is particularly interested in practical questions associated with right social conduct, government, and self-cultivation . Many schools of thought emerged in the 6th century BCE in competing attempts to resolve the political turbulence of that period. The most prominent among them were Confucianism and Daoism . Confucianism
8624-441: The title Pareto . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Pareto&oldid=1127635314 " Categories : Disambiguation pages Place name disambiguation pages Disambiguation pages with surname-holder lists Italian-language surnames Hidden categories: Short description
8722-601: The unexamined life is not worth living " to highlight the role of philosophical inquiry in understanding one's own existence. And according to Bertrand Russell , "the man who has no tincture of philosophy goes through life imprisoned in the prejudices derived from common sense, from the habitual beliefs of his age or his nation, and from convictions which have grown up in his mind without the cooperation or consent of his deliberate reason." Attempts to provide more precise definitions of philosophy are controversial and are studied in metaphilosophy . Some approaches argue that there
8820-499: Was a French woman. Enthusiastic about the revolutions of 1848 in the German states , his parents named him Wilfried Fritz, which became Vilfredo Federico upon his family's move back to Italy in 1858. In his childhood, Pareto lived in a middle-class environment, receiving a high standard of education, attending the newly created Istituto Tecnico Leardi where Ferdinando Pio Rosellini was his mathematics professor. In 1869, he earned
8918-472: Was a strong critic of the idea that reason can arrive at a true understanding of reality and God. He formulated a detailed critique of philosophy and tried to assign philosophy a more limited place besides the teachings of the Quran and mystical insight. Following Al-Ghazali and the end of the classical period, the influence of philosophical inquiry waned. Mulla Sadra (1571–1636 CE) is often regarded as one of
9016-437: Was characterized by the emergence of the six orthodox schools of Hinduism : Nyāyá , Vaiśeṣika , Sāṃkhya , Yoga , Mīmāṃsā , and Vedanta . The school of Advaita Vedanta developed later in this period. It was systematized by Adi Shankara ( c. 700 –750 CE), who held that everything is one and that the impression of a universe consisting of many distinct entities is an illusion . A slightly different perspective
9114-660: Was defended by Ramanuja (1017–1137 CE), who founded the school of Vishishtadvaita Vedanta and argued that individual entities are real as aspects or parts of the underlying unity. He also helped to popularize the Bhakti movement , which taught devotion toward the divine as a spiritual path and lasted until the 17th to 18th centuries CE. The modern period began roughly 1800 CE and was shaped by encounters with Western thought. Philosophers tried to formulate comprehensive systems to harmonize diverse philosophical and religious teachings. For example, Swami Vivekananda (1863–1902 CE) used
9212-511: Was founded by Confucius (551–479 BCE). It focused on different forms of moral virtues and explored how they lead to harmony in society. Daoism was founded by Laozi (6th century BCE) and examined how humans can live in harmony with nature by following the Dao or the natural order of the universe. Other influential early schools of thought were Mohism , which developed an early form of altruistic consequentialism , and Legalism , which emphasized
9310-512: Was how philosophical and scientific knowledge are created. Specific importance was given to the role of reason and sensory experience . Many of these innovations were used in the Enlightenment movement to challenge traditional authorities. Several attempts to develop comprehensive systems of philosophy were made in the 19th century, for instance, by German idealism and Marxism . Influential developments in 20th-century philosophy were
9408-585: Was named after him, and it was built on his observations that 80% of the wealth in Italy belonged to about 20% of the population. He also contributed to the fields of sociology and mathematics. Pareto was born of an exiled noble Genoese family on 15 July 1848 in Paris , the centre of the popular revolutions of that year. His father, Raffaele Pareto (1812–1882), was an Italian civil engineer and Ligurian marquis who had left Italy much as Giuseppe Mazzini and other Italian nationalists had. His mother, Marie Metenier,
9506-400: Was not necessary to know how much a person valued this or that, only that he preferred X of this to Y of that. Utility was a preference-ordering. With this, Pareto not only inaugurated modern microeconomics but he also attacked the alliance of economics and utilitarian philosophy, which calls for the greatest good for the greatest number; Pareto said good cannot be measured. He replaced it with
9604-449: Was shaped by Socrates (469–399 BCE), Plato (427–347 BCE), and Aristotle (384–322 BCE). They expanded the range of topics to questions like how people should act , how to arrive at knowledge , and what the nature of reality and mind is. The later part of the ancient period was marked by the emergence of philosophical movements, for example, Epicureanism , Stoicism , Skepticism , and Neoplatonism . The medieval period started in
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