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Quote by William Stanley Jevons

“Over-production is not possible in all branches of industry at once, but it is possible in some as compared to others.”

Quote by William Stanley Jevons

Book:The Theory of Political Economy

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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“A spade may be made of any size, and if the same number of strokes be made in the hour, the requisite exertion will vary nearly as the cube of the length of the blade.”

Ifs May Made Hours Numbers Size Length Strokes Blades Vary Exertion Cubes Spades

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“One pound invested for five years gives the same result as five pounds invested for one year, the product being five pound years.”

Giving Years Results Five Products Five Years Pounds

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“The whole result of continued labour is not often consumed and enjoyed in a moment; the result generally lasts for a certain length of time. We must then conceive the capital as being progressively uninvested.”

Whole Moments Lasts Certain Results Enjoyed Labour Length Consumed

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“Some of the gold possessed by the Romans is doubtless mixed with what we now possess; and some small part of it will be handed down as long as the human race exists.”

Humans Long Race Gold Human Race Possessed Small Parts

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“I consider that interest is determined by the increment of produce which it enables a labourer to obtain, and is altogether independent of the total return which he receives for this labour.”

Interest Produce Return Independent Determined Labour Labourers

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“I feel quite unable to adopt the opinion that the moment goods pass into the possession of the consumer they cease altogether to have the attributes of capital.”

Feels Moments Opinion Possession Cease Consumers Goods Attributes

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.”

Want Interest Numbers Lows Rate Employment Abundance Starving Large Numbers Artisans

Book:The Theory of Political Economy

Source: The Theory of Political Economy

“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.”

Loss Known Amount Gains Rate Commodity Criteria Utility Equilibrium Small Amounts

Author:William Stanley Jevons

“A little experience is worth much argument; a few facts are better than any theory.”

Littles Facts Theory Argument

Book:Methods of Social Reform: And Other Papers

Source: Methods of Social Reform: And Other Papers

“Logic is not only an exact science, but is the most simple and elementary of all sciences; it ought therefore undoubtedly to find some place in every course of education.”

Courses Simple Ought Logic Exact Sciences

Book:Elementary Lessons in Logic: Deductive and Inductive : with Copious Questions and Examples and a Vocabulary of Logical Terms

Source: Elementary Lessons in Logic: Deductive and Inductive : with Copious Questions and Examples and a Vocabulary of Logical Terms