W. Stanley Jevons Quotes

A collection of quotes by W. Stanley Jevons.

William Stanley Jevons (1835-1882) was a prominent English economist and logician. Born on September 1, 1835, in Liverpool, England, Jevons was known for his significant contributions in the field of economics, particularly in the areas of theory, statistics, and political economy.

Jevons studied at University College London and later obtained a scholarship to study at Balliol College, Oxford. After completing his education, he worked as an assayer in the Sydney Mint in Australia. During his time there, he developed an interest in economics and conducted extensive research on the country's gold supplies and the relationship between prices and production.

In 1863, Jevons published his groundbreaking work, "The Theory of Political Economy." The book made him famous and established him as a leading economist of his time. In it, he introduced the concept of the marginal utility theory, which analyzed economic behavior by considering the satisfaction derived from consuming additional units of a good or service.

Jevons advocated for the use of statistics and mathematical methods in economic analysis. He also made important contributions to the study of business cycles, proposing that fluctuations in economic activity were related to changes in the level of available energy.

Tragically, W. Stanley Jevons' life was cut short when he died by drowning on August 13, 1882, at the age of 46. His work continues to be influential in the field of economics, and he is regarded as one of the key figures of the marginal revolution.