The Theory of Political Economy - Softcover

Jevons, W. Stanley

Softcover

ISBN 10: 1438520794 ISBN 13: 9781438520797

Publisher: Book Jungle, 2009

Synopsis

William Stanley Jevons (1835-1882), English economist and logician, was one of three men to simultaneously advance the socalled "marginal revolution." Jevons' work "The Theory of Political Economy" (1871), along with similar discoveries made by Carl Menger in Vienna (1871) and by Léon Walras in Switzerland (1874), marked the opening of a new period in the history of economic thought. Jevons studied chemistry and botany at University College, London. Because of the bankruptcy of his father's business in 1847, Jevons left school to take up the position of assayer at the Mint in Sydney, Australia. Returning to England in 1859, he published "General Mathematical Theory of Political Economy", and in 1863 "Pure Logic", wherein he improved the symbolic logic schema pioneered by George Boole and his teacher Augustus De Morgan. Three years later he was appointed Professor of Logic and Philosophy at Owens College, Manchester, and in 1876 he was glad to exchange the Owens professorship for the professorship of political economy in University College, London

About this title

Review:

"Jevons's The Theory of Political Economy marks the watershed between classical and neoclassical economics. Jevons provided lengthy arguments for the mathematization of economic theory as well as for the priority of the utility theory of value in place of the labour theory of value that had been central to economics since John Locke. This book will enlighten any reader wishing to understand the essential nature of contemporary mainstream economics. And like all pathbreaking works, it also raises questions that have since been forgotten, questions about the measurement of utility, the justification for using continuous mathematical functions, or the definition of capital. Spending time with Jevon's brilliant and polymathic mind will amply reward any inquisitive reader."

Margaret Schabas, Professor of Philosophy, University of British Columbia, Canada

Book Description:

Leading political economist William Stanley Jevons brought mathematical methods to the study of economics. This book fuses the relationship between mathematics and the Theory of Utility

About this edition

• Publisher: Book Jungle
• Publication date: 2009
• ISBN 10: 1438520794
• ISBN 13: 9781438520797
• Binding: Paperback
• Number of pages: 382