Theory Of Political Economy by W. Stanley Jevons
An Inquiry into the Principles of Political Economy
The book presents a pioneering exploration of the application of mathematical methods to economic theory, laying the groundwork for the marginal utility theory of value. It delves into the relationship between utility, value, and exchange, proposing that economic decisions are driven by the subjective valuation of utility by individuals. The work emphasizes the importance of understanding the marginal increments of utility and how they influence consumer behavior and market dynamics. Through its analytical approach, the book seeks to transform economics into a more scientific discipline, characterized by precision and quantifiable analysis.
The 16610th greatest book of all time
- Published
- 1871
- Nationality
- British
- Length
- Short
- Pages
- 200-300
- Original Language
- English
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- Alternate Titles
- None
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This book is on the following 1 lists:
- 13th on 20 of the Most Important Books for Economics before 1940 (New York Public Library)