The Theory of Political Economy (Palgrave Classics in Economics)
Description
Originally published in 1871, The Theory of Political Economy was the first text to introduce the concept of utility theory into economics and the use of calculus as a way to simplify and present economic problems. In this classic work Jevons re-formulated the central problem of economics as one of how to maximise overall utility with a set amount of means of production. Utility expressed as a function became the basis of the a new theory of value which substantially differs from the classical political economists' labour theory of value. Drawing on his roots in the natural sciences Je...
ISBN(s)
1137374144, 9781137374141
