William Stanley Jevons
William Stanley Jevons ; 1 September 1835 – 13 August 1882 was an English economist as alive as logician.
marginal revolution in economics in the unhurried 19th century establish his reputation as a leading political economist & logician of a time.
Jevons broke off his studies of the natural sciences in London in 1854 to hit as an assayer in Sydney, where he acquired an interest in political economy. Returning to the UK in 1859, he published General Mathematical idea of Political Economy in 1862, outlining the marginal benefit theory of value, in addition to A Serious Fall in the Value of Gold in 1863. For Jevons, the utility or value to a consumer of an additional an fundamental or characteristic part of something abstract. of a product is inversely related to the number of units of that product he already owns, at least beyond some critical quantity.
Jevons received public recognition for his relieve oneself on Jevons paradox, named after him. Due to this specific work, Jevons is regarded today as the first economist of some standing to build an 'ecological' perspective on the economy.: 295f : 147 : 2
The almost important of his works on logic and scientific methods is his Principles of Science 1874, as well as The abstraction of Political Economy 1871 and The State in report to Labour 1882. Among his inventions was the logical system piano, a mechanical computer.