The Theory of Political Economy.

JEVONS (William Stanley).

The Theory of Political Economy.

“ONE OF THE MOST GENUINELY ORIGINAL ECONOMISTS WHO EVER LIVED” (SCHUMPETER).

Second edition, Revised and Enlarged, With New Preface and Appendices. 8vo. lxiii, [1], 315, [1], 40 [publisher’s advertisements] pp. Original brick red pebble-grain cloth, spine lettered and ruled in gilt, boards panelled in blind, edges untrimmed, black coated endpapers (paperstock slightly browned, a few occasional thumb-markings to blank fore-margins, neat pencilled notations to rear flyleaf; light wear to extremities, gilt lettering to spine dulled, front hinge cracked but holding firmly, a few faint splash-marks to front cover, notwithstanding a very good copy indeed). London, MacMillan and Co, 1879.

£550.00

JEVONS (William Stanley).

The Theory of Political Economy.

Jevons’s principal contribution to economics, outlining his marginal utility theory of value. The Theory of Political Economy constituted a decisive break with the classical theory of value of the ‘Ricardo–Mill school’, offering “in its place the challenging view that ‘value depends entirely upon utility’, asserting boldly that ‘Economy, if it is to be a science at all must be a mathematical science’” (ODNB). Described by Schumpeter as “one of the most genuinely original economists who ever lived”, The Theory of Political Economy, along with the “almost simultaneously published treatises of Menger and Walras, must be considered as opening up a new period in economic theorising, marking what was later to called the ‘marginal revolution’” (Blaug).

While he made no fundamental changes for the second edition, Jevons revised the book thoroughly and discussed criticisms of it in a new preface, in which he announced his discovery of Gossen.

Einaudi, 3070; Inoue & White, Bibliography of published works by W. S. Jevons, 118.

Stock No.

256180

Enquire

The Theory of Political Economy.

Mailing List