Along with Leon Walras, this man was the head of the Lausanne School of Economics.
Along with Leon Walras, this man was the head of the Lausanne School of Economics. This economist bundled goods together in order to predict the behavior of consumers by creating the first indifference curves. A generalized form of one of this economist's theories was developed by Kaldor and Hicks. This economist names a system in which no one agent can benefit without harm to another agent. The principle that a majority of events are caused by a small number of causes is the subject of this man's namesake 80 - 20 rule. For 10 points, identify this Italian economist with a namesake optimality.
Along with Leon Walras, this man was the head of the Lausanne School of Economics.
Vilfredo Pareto