“One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example.”
Quote by William Stanley Jevons
Work
Papers and correspondence of William Stanley Jevons
This book compiles a selection of William Stanley Jevons's writings and correspondence, offering insights into his intellectual contributions and personal reflections on economics, logic, and other subjects. 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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