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Quote by William Stanley Jevons

“The point of equilibrium will be known by the criterion that an infinitely small amount of commodity exchanged in addition, at the same rate, will bring neither gain nor loss of utility.”

Quote by William Stanley Jevons

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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

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