William Stanley Jevons

Political economy (eBook, ePUB)

Exploring Economic Principles and Theories in the 19th Century

• Format: ePub

Produktbeschreibung

In "Political Economy," William Stanley Jevons delivers a groundbreaking exploration of economic principles that intertwines rigorous analytical thought with practical applications. Jevons adopts a methodological approach, employing inductive reasoning and a systematic examination of the principles of economics, which was relatively novel at the time of its publication in the late 19th century. The book intricately dissects the relationships between supply, demand, and production, while also introducing the concept of utility and its pivotal role in decision-making processes. This work stands as a significant contribution to both classical and marginal utility theories, situating itself within the broader context of the economic transformations occurring in industrializing England. William Stanley Jevons, a philosopher and economist, was deeply influenced by the rapid social and economic changes of his time, including the impacts of the Industrial Revolution. His diverse intellectual background encompassed metaphysics, logic, and economics, enabling him to view economic phenomena through a multi-faceted lens. His convictions about the necessity of a scientific approach to economics were propelled by his belief in the potential for human improvement through enlightened economic practices. "Political Economy" is highly recommended for those seeking to understand the foundations of modern economic theory. It provides invaluable insights that are essential for students, economists, and anyone interested in the evolution of economic thought. Jevons'Äôs eloquent prose and logical rigor inspire critical examination of economic realities, making this work a timeless reference in the field.

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Produktdetails

• Verlag: Good Press
• Seitenzahl: 203
• Erscheinungstermin: 26. November 2019
• Englisch
• ISBN-13: 4057664624284
• Artikelnr.: 58562177

Autorenporträt

William Stanley Jevons (1835-1882) was a pioneering British economist and logician, instrumental in the Marginal Revolution and the early development of neoclassical economics. As a polymath, he also delved into subjects as diverse as logic, meteorology, and the problem of coal depletion in Britain. Jevons's most outstanding contribution to economics is encapsulated in 'The Theory of Political Economy' (1871), where he expounded on the concept of marginal utility and its impact on price formation. His innovative approach laid the groundwork for utility theory in economics, highlighting the subjective nature of value and its role in economic decision-making. Renowned for his application of statistical methods to economic data, Jevons also wrote 'The Coal Question' (1865), which analyzed the sustainability of coal production and its implications for economic growth. Jevons's intellectual rigour and methodological contributions were foundational in transforming economics into a more scientific discipline, underpinning the analysis of consumer behaviour and market dynamics. His clear, analytical, and often quantitative literary style mirrored the precision he demanded in economic reasoning, and his legacy continues to influence economic thought to this day.