“There is no such thing as absolute cost of labour; it is all a matter of comparison. Every one gets the most which he can for his exertions; some can get little or nothing, because they have not sufficient strength, knowledge or ingenuity; others get much, because they have, comparatively speaking, a monopoly of certain powers.”
Quote by William Stanley Jevons
Work
The Theory of Political Economy
This book delves into the core concepts of political economy, examining economic systems, market dynamics, and the role of government in economic affairs. It is considered a seminal work in the development of economic thought. more
Author
William Stanley Jevons
William Stanley Jevons was a British economist born on September 1, 1835, and died on August 13, 1882. He was a pioneer in the theory of marginal utility and had a profound impact on the development of economics. more
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