The Theory of Political Economy (Palgrave Classics in Economics)
| Author | : | |
| Rating | : | 4.44 (891 Votes) |
| Asin | : | 1137374144 |
| Format Type | : | paperback |
| Number of Pages | : | 339 Pages |
| Publish Date | : | 2017-04-28 |
| Language | : | English |
DESCRIPTION:
"A revolution of economic language." according to Edoardo Angeloni. The importance of this book is very strong. Jevons was the first economist who uses the mathematic language as we today mean in this sense.Jevons was also logic and he knew very well the probability and the statistics. His teory of utiliy takes the p
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. 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. 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. "Jevons's The Theory of Political Economy marks the watershed between classical and neoclassical economics. This book will enlighten any reader wishing to understand the essential nature of contemporary mainstream economics
Originally educated in the natural sciences Jevons turned his attention to the moral sciences during his stay in Australia in the 1850s. William Stanley Jevons (1835 –1882) is known by many as the founder of the mathematical method revolution in economics. In 1866 he was elected Professor of Logic and Mental and Moral Philosophy and Cobden Professor of Political Economy in Owens College, Manchester, UK. In 1876 he accepted the position of Professor of
The Theory of Political Economy brought together maths and the theory of utility, this contribution marked Jevons as a leading political economist of his time.. William Stanley Jevons is regarded by many as bringing mathematical methods to the study of economics