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The Theory of Political Economy

Author :

William Stanley Jevons

Publisher:

Palgrave

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Publisher

Palgrave

Publication Year 2013
ISBN-13

9781137374141

ISBN-10 9781137374141
Binding

Paperback

Number of Pages 416 Pages
Language (English)
Dimensions (Cms) 14 x 2.41 x 21.59
Weight (grms) 5250
Subject

Economics

Originally published in 1871, The Theory of Political Economy was the first text to introduce the concept of utility theory into economics and the use of calculus as a way to simplify and present economic problems. In this classic work Jevons re-forumulated the central problem of economics as one of how to maximise overall utility with a set amount of means of production. Utility expressed as a function became the basis of the a new theory of value which substantially differs from the classical political economists' labour theory of value. Drawing on his roots in the natural sciences Jevons revolutionised the tools and methods associated with political economy and kick-started the metamorphosis of the discipline

William Stanley Jevons

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