Political Economy - Jevons, W Stanley
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""Political Economy"" by W. Stanley Jevons is a seminal work in the field of economics, first published in the late 19th century. In this influential text, Jevons explores the principles of economic theory, emphasizing the importance of utility and the role of individual decision-making in economic behavior. Jevons introduces the concept of marginal utility, which revolutionized economic thought by illustrating how consumers make choices based on the additional satisfaction gained from consuming one more unit of a good. He critiques classical economics and argues for a more scientific approach…mehr

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Produktbeschreibung
""Political Economy"" by W. Stanley Jevons is a seminal work in the field of economics, first published in the late 19th century. In this influential text, Jevons explores the principles of economic theory, emphasizing the importance of utility and the role of individual decision-making in economic behavior. Jevons introduces the concept of marginal utility, which revolutionized economic thought by illustrating how consumers make choices based on the additional satisfaction gained from consuming one more unit of a good. He critiques classical economics and argues for a more scientific approach to understanding economic phenomena. The book covers various topics, including value, production, consumption, and the distribution of wealth. Jevons also discusses the significance of mathematics in economic analysis, advocating for a rigorous, quantitative approach to economic theory. Overall, ""Political Economy"" remains a cornerstone in the study of economics, influencing subsequent thinkers and contributing to the development of modern economic theory.
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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.