Know The Pareto’s Rule Of 80/20 In A Simpler Way-AVS's Desk

Dear AVS,

I wondered what a way to get reminded of my economics in the college days. At that time when I read about Malthus's theory of population I laughed at what a way to justify the growth of population, why even now I curse myself being an Indian looking at its growth rate and resultant complex problems. But on the other hand, in comparison to the question mark of the future hanging over the great economies of China and Japan, the three lions of the east, India face the future with a promise as our youth population is always growing. As Malthus's theory is more admired in India than anywhere else as he said " A person took birth on this earth not only born with a stomach but also with two hands". Whom to blame and whom not to ? I'm also reminded of late Mr.Sanjay Gandhi who tried to stem the rout in this front and invited trouble not only for himself but India saw a change in its course. India holds the future in its hands but other nations in others' hands.

Coming back to Preto's principle, some time back I was reading an article on a book by Mr.Eric D. Beinhocker's The Origin of Wealth where Preto's principles among others were broadly discussed. After reading AVS's post I was kindled to revisit this and refresh my thought, of course under present conditions. I really wondered how relevant various thoughts of all these greats in divergent fields of biology, physics, mathematics, economics and so on have in common. Great. For the benefit of those interested friends I attach excerpts to enjoy reading them.

Thank U AVS once again.

Kumar.s.

Nice to see your feedback Akjame........................................... ......
@Kumar: It is very nice of you sending good inputs on Pareto rule and thanks for sharing the same with our members in the thread.

Dear AVS
just like your tiny one liners producing towering effect. Splendid.
B.Saikumar
HR & Labour Law advisor
Mumbai

Mr.Kumar S.
Your observations on Malthus theory is really enlighetening to me who is not student of economics and who is often led to associate Malthus with population explosion. As you rightly said, the numbers are clearly in India's favour as it is growing young by the day and is capable of production of more goods and services in future than the aging economies of China and Japan. I will also go through the two attachments of your's to have more understanding of the Pareto's principle.
B.Saikumar
HR &Labour Law Advisor
Mumbai