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Title: Papers and Correspondence of William Stanley Jevons: Vol.1: Biography and Personal Journal by W. Stanley Jevons, R. D. Collison Black, Rosamond Konekamp ISBN: 0-333-10256-8 Publisher: Palgrave Macmillan Pub. Date: 28 September, 1972 Format: Hardcover |
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Summary: Papers & Correspondence of William Stanley Jevons by him
Comment: Jevons was a proponent of a famous theory on utility in
fair exchanges. His work was mathematical and statistical
in nature. He argued:
"If a person has any useful object, but an object belonging to
another person would have greater utility, he will be glad
to give the one in return for the other. But it is a necessary
condition that the other person will likewise gain, or at least
not lose by the exchange."
In addition, he concluded that:
"A balance of utility on both sides will lead to an exchange."
A brief account of a general mathematical theory of political
economy was presented in the Journal of the Royal Statistical
Society of London in June of 1866 pp. 282-287
This work summarizes some of Jevons' more important
correspondence and personal papers. It serves as an excellent
reference for economic theorists, historians and econometricians.
These papers will complement any course in economic theory
by providing the personal dimension of the author as enunciated
in the original writings. The fact that some of the papers
were published just after Lincoln's Presidency will add an
additional dimension for exploration by professional historians.
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