Quotessence
Home / Quotes / Quote by William Stanley Jevons

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

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

You May Also Like

“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.”

“PLEASURE and pain are undoubtedly the ultimate objects of the calculus of economics. To satisfy our wants to the utmost with the least effort - to procure the greatest amount of what is desirable at the expense of the least that is undesirable - in other words, to maximize pleasure, is the problem of economics.”