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  pareto = distribution...

...in economics, the allocation of a society's total wealth among various economic groups. Distribution, in that sense, does not refer to the physical marketing or circulation of goods, which is part of the process of exchange, but to the relative well-being and economic wealth of persons and groups. By classifying people according to their share of the distribution-usually by means of relative income-a picture of society's stratification, and thus its structure, may emerge.

Italian economist Vilfredo Pareto developed (1897) one of the best-known theories on the subject, arguing that a pattern of income distribution is evident throughout history, in all societies. Inequalities in distribution are related to inequalities in political power; in most societies, the economically dominant strata tend also to be politically dominant. The division of labour, which necessitates exchange, causes various problems of distribution. He worked out an improved version of general equilibrium theory and demonstrated the restricted sense in which perfect competition achieved an optimal solution. He made important contributions to the discussion of the methodology of economics and the place of the discipline in the social sciences as a whole. His distinction between cardinal and ordinal utility and between an individual and a collective optimum were major theoretical contributions.

Inequalities in distribution among industrial groups making a common product are explained by the relative number employed in each group when compared to the value of what they produce or to the relative amount they get for a specific amount of work. Unequal distribution arises also from inequality in reward to those in the same industrial classification (capitalist, manager, or labourer). The distribution of wealth between the capitalist and manager on the one hand and the labourer on the other has been a major source of social strife in the Western world since the French Revolution, and has been a particularly important theme in the writings of Karl Marx and his followers. Labour unions, through the use of political and economic pressure, have striven for increased wages.

I hope you didn't read all this!!!!!!!!!!!!!!  I just needed a name for my site, o.k?!

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