| The Theory of Political Economy Contributor(s): Jevons, William Stanley (Author) |
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ISBN: 1983432156 ISBN-13: 9781983432156 Publisher: Createspace Independent Publishing Platform OUR PRICE: $7.11 Product Type: Paperback - Other Formats Published: December 2017 |
| Additional Information |
| BISAC Categories: - Literary Collections - Business & Economics - History |
| Physical Information: 0.24" H x 5.98" W x 9.02" (0.36 lbs) 114 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Irving Fisher described Jevons' book A General Mathematical Theory of Political Economy (1862) as the start of the mathematical method in economics. It made the case that economics as a science concerned with quantities is necessarily mathematical. In so doing, it expounded upon the "final" (marginal) utility theory of value. Jevons' work, along with similar discoveries made by Carl Menger in Vienna (1871) and by L on Walras in Switzerland (1874), marked the opening of a new period in the history of economic thought. Jevons' contribution to the marginal revolution in economics in the late 19th century established his reputation as a leading political economist and logician of the time. |