William Stanley Jevons (1835-1882) Born at Liverpool in England in 1835 Works 1. General Mathematics Theory of Political Economy (1859) 2. A serious fall in the value of gold (1863) 3. Pure Logic, or the logic of quality apart from quantity(1864) 4. The substitution of similar, the true principle of reasoning (1869) 5. Elementary lessons on logic(1870) 6. Theory of Political Economy (1871) 7. Investigation in Currency and Finance (1884) 8. The Coal Question (1865) 9. The State in Relation to Labour (1882) 10. Principles of science (1874) 11. Money and Mechanism of Exchange (1875) 12. Methods of Social Reform 13. Studies in deductive logic (1880) 14. The state in relation to labour (1882) Main Ideas and Theories 1) Importance of Consumption 2) Utility : to denote the abstract quality whereby an object serves our purpose 3) The Marginal Utility Theory of Value 4) Repudiation of the Labour Theory of Value 5) Law of Diminishing Utility: total utility increased while final utility decreased. 6) Law of Equi-Marginal Utility 7) Theory of Distribution 8) Theory of Capital 9) The Sun Spot Theory of Trade Cycles: it established a connection between the rhythm of harvest and trade. https://facebook/KIRANRAJ405....
Posted on: Tue, 15 Oct 2013 16:47:37 +0000
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