Theory of Political Economy

  title={Theory of Political Economy},
  author={W. Jevons}
THE contents of the following pages can hardly meet with ready acceptance among those who regard the Science of Political Economy as having already acquired a nearly perfect form. I believe it is generally supposed that Adam Smith laid the foundations of this science; that Malthus, Anderson, and Senior added important doctrines; that Ricardo systematised the whole; and, finally, that Mr. J. S. Mill filled in the details and completely expounded this branch of knowledge. Mr. Mill appears to have… Expand

Figures from this paper

Title: The Economic Point of View: An Essay in the History of Economic Thought
ion, the circle.) 1.24 It is not difficult to understand that when writers concerning the scope of economic theory believe themselves to have discovered the "key" with which to explain allExpand
Economics and Principles
Marshall arrived at Cambridge at a time of some crisis in the discipline. The Times, on 30 May 1885, was doing no more than stating the obvious when it commented as follows on his Inaugural Lecture,Expand
Rationality of Self and Others in an Economic System
In this paper, I want to disentangle some of the senses in which the hypothesis of rationality is used in economic theory. In particular, I want to stress that rationality is not a property of theExpand
On Economic Men Bearing Gifts and Playing Fair
Ever since each form of inquiry looked seriously at the thought patterns of the other, the relation between ethics and economics has been one of mutual suspicion. On the one hand, it has appeared toExpand
Jevons's Theory of Political Economy and the ‘Marginalist Revolution’ *
Very many statements have been made about the (non-)existence and characterisation of the 'marginal revolution' but it is urged here that detailed study of the relevant texts is far more valuableExpand
Mathematical Modelling and Ideology in the Economics Academy: competing explanations of the failings of the modern discipline?
The widespread and long-lived failings of academic economics are due to an over-reliance on largely inappropriate mathematical methods of analysis. This is an assessment I have long maintained. ManyExpand
One Theory or Two? Walras's Critique of Ricardo
There are essentially two views about the development of economic theory. According to the one that nowadays appears to be almost universally accepted, the history of economic theory is a one-wayExpand
In the Lobby of the Energy Hotel: Jevons's Formulation of the Postclassical "Economic Problem"
In the closing chapter of the first edition of his Theory of Political Economy (TPE), William Stanley Jevons (1871, 254) argued that within the terms of his marginalist theory of value andExpand
  • D. Winch
  • Political Science
  • Journal of the History of Economic Thought
  • 2011
The authors of this book—Murray Milgate, one of the editors of the New Palgrave Dictionary of Economics, who occupies an economics post at Queen’s College, Cambridge, and Shannon Stimson, a politicalExpand
In Defense of Formalization in Economics
These days, it seems, a lot of people are dissatisfied with a lot of economic analysis. Numerous articles and books have been written detailing complaints.2 Numerous sessions at conventions take upExpand