A Serious Fall in the Value of Gold Ascertained - Jevons, W. Stanley
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Originally published in London in 1863, A Serious Fall in the Value of Gold Ascertained, and Its Social Effects Set Forth is an interesting study of the gold standard at a time when gold was considered one of the most valuable metals in the world, and when many countries on silver standard coins were transferring to the gold currency of the United Kingdom and the United States. Economist William Stanley Jevons analyzes the effects of the gold rush in the western U.S. and Australia and how the increasing supply of gold will decrease the value. He uses multiple charts and formulas to support his…mehr

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Produktbeschreibung
Originally published in London in 1863, A Serious Fall in the Value of Gold Ascertained, and Its Social Effects Set Forth is an interesting study of the gold standard at a time when gold was considered one of the most valuable metals in the world, and when many countries on silver standard coins were transferring to the gold currency of the United Kingdom and the United States. Economist William Stanley Jevons analyzes the effects of the gold rush in the western U.S. and Australia and how the increasing supply of gold will decrease the value. He uses multiple charts and formulas to support his theories, and predicts a departure from the gold standard, which most of the world did after World War I, though not for the reasons Jevons cites. Regardless, it is a fascinating study, especially considering the 21st century inflation in the price of gold, and will delight modern economists and history buffs. English economist and logician WILLIAM STANLEY JEVONS (1835-1882) was born in Liverpool. He studied chemistry and botany at University College, London, and was later professor of logic and political economy at Owens College, Manchester. He is also the author of The Theory of Political Economy (1871) and The State in Relation to Labour (1882).
Autorenporträt
W. Stanley Jevons (1835-1882) was an influential English economist and logician, renowned for his contributions to economics, particularly the theory of marginal utility. His work laid the groundwork for modern economic thought and significantly impacted the neoclassical school of economics. Jevons is best known for his book ""The Theory of Political Economy,"" published in 1871, where he introduced the concept of marginal utility, arguing that value is determined by the satisfaction derived from a good rather than its labor input. This shift was crucial in evolving economic theory from classical to modern perspectives. In addition to his economic work, Jevons was a noted logician, contributing to the field of logic through his work ""Principles of Science,"" where he explored the application of logic to scientific inquiry. His interdisciplinary approach, combining economics and logic, made a lasting impact on both fields, and his ideas continue to resonate in contemporary economic discussions.