MICROECONOMICS PRINCIPLES ANALYSIS

The greater part of human actions have their origin not in logical reasoning but in sentiment. This is particularly true for actions that are not motivated economically… . Man, although impelled to act by nonlogical motives, likes to tie his actions logically to certain principles; he therefore invents these a posteriori in order to justify his actions. .Vilfredo Pareto, .The rise and fall of the elites.(1968, p. 27)