The Theory Of Political Economy - 9781983432156

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.

• | Author: William Stanley Jevons
• | Publisher: Createspace Independent Publishing Platform
• | Publication Date: Dec 31, 2017
• | Number of Pages: 112 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1983432156
• | ISBN-13: 9781983432156