William Stanley Jevons (1835-1882) was an English economist and logician, one of three economists who independently originated marginal utility theory in the 1870s marginalist revolution, alongside Leon Walras and Carl Menger. His Theory of Political Economy (1871) applied mathematics to economics and argued that value derives from marginal utility rather than labor. He also wrote on the coal question and on business cycle theory linked to sunspot activity. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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William Stanley Jevons (; 1 September 1835 – 13 August 1882) was an English economist and logician.
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Irving Fisher described Jevons's book The Theory of Political Economy (1871) as the start of the mathematical method in economics.
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1 September 1835
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13 August 1882
In Group: Marginalist, Neoclassical and Welfare Economists, Lead
In so doing, it expounded upon the "final" (marginal) utility theory of value.
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Wikimedia FoundationAssociated With: Léon Walras, Marginalism, Lead sectionQuote, Associated With: Léon Walras, Marginalism, Lead section
Marginalism as a formal theory can be attributed to the work of three economists, Jevons in England, Menger in Austria, and Walras in Switzerland.
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