All Questions
Tagged with wealth history-economic-thought
2 questions
2
votes
1
answer
110
views
How did Pareto came up with Pareto Distribution of wealth law?
I am not an economist but a mathematics student. I heard about the Pareto law - the mathematical modelling of the distribution of wealth, how did Pareto come up with this law? technically speaking ...
- 123
4
votes
2
answers
640
views
How does John Stuart Mill distinguish between "wealth" and "riches"?
JS Mill in his Principles (1848):
But though air is not wealth, mankind are much richer by obtaining it gratis, since the time and labour which would otherwise be required for supplying the most ...
user23101