Wealth Inequality Through the Lens of the Pareto Principle

In this episode, we investigate the principle set forth by Vilfredo Pareto (an Economist born in 1848) which specifies that 80% of consequences come from 20% of the causes, asserting an unequal relationship between inputs and outputs. This principle serves as a general reminder that the relationship between inputs and outputs is not balanced. The Pareto Principle is also known as the Pareto Rule, the 80/20 Rule, or the Matthew Principle.

Jordan often uses the principle to demonstrate the harsh reality that inequality is not a simple issue, and therefore has no simple answer.

Sections:

[1:20] - 2017 Maps of Meaning 01 (Context and Background)

[10:45] - 2017 Personality 13 Existentialism via Solzhenitsyn and the Gulag

[17:01] - Biblical Series VIII The Phenomenology of the Divine

[21:34] - 12 Rules for Life Tour - Melbourne, Australia.

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