W. S. Jevons, 1835–82

  title={W. S. Jevons, 1835–82},
  author={R. Black},
It is arguable that William Stanley Jevons has a better claim to the title ‘pioneer of modern economics’ than any of his British contemporaries. Forty-two years ago Keynes described Jevons’s Theory of Political Economy as ‘the first treatise to present in a finished form the theory of value based on subjective valuations, the marginal principle and the now familiar technique of the algebra and diagrams of the subject’.1 The Theory of Political Economy undoubtedly succeeded in doing what Jevons… Expand