Economists tell us that the history of human labor is one of continually increasing specialization. In the days of the hunter-gatherer, every member of the tribe would have been expected to command ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which ...

Its genesis, interestingly, was a revelation about Italian land-ownership patterns: Italian economist Vilfredo Pareto (1848-1923) discovered in the course of his research that most of his nation's ...

In a recent post, I made mention of how I use the Pareto Principle to determine how much money to spend on marketing. For those who may not know, the Pareto Principle states that 80 percent of results ...

When it comes to managing your workload, it can be challenging to decide where to focus your time and energy. The Pareto ...