JEVONS (William Stanley).

The Theory of Political Economy.

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

Third edition. 8vo. lvi, 296 pp. Original brick red pebble-grain cloth, spine lettered and ruled in gilt, boards panelled in blind, black coated endpapers, edges untrimmed (heavy scattered foxing to endpapers with a few occasional instances of faint spotting to margins, recent neat pencilled ownership inscription of Hon. Stanley C. Wisniewski to verso of half title; extremities rubbed with minor chipping to tips of spine, corners bumped, still a very good copy overall). London, MacMillan and Co, 1888.

£250.00

Jevons’s principal contribution to economics in which he outlined his marginal utility theory of value. Originally published in 1871, 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 published in 1879, Jevons revised the book thoroughly and discussed criticisms of it in a new preface, in which he announced his discovery of Gossen. This posthumous third edition adds to the appendix containing the bibliographic list of mathematico-economic books and a preface by Jevons’s wife Harriet A. Jevons.

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

Stock No.
253482