william stanley jevons

Jevons

[jev-uhnz]
noun
William Stanley, 1835–82, English economist and logician.
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Jevons (ˈdʒɛvənz)
 
n
William Stanley. 1835--82, English economist and logician: introduced the concept of final or marginal utility in The Theory of Political Economy (1871)

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william stanley jevons

English logician and economist whose book The Theory of Political Economy (1871) expounded the "final" (marginal) utility theory of value. Jevons's work, along with similar discoveries made by Karl Menger in Vienna (1871) and by Leon Walras in Switzerland (1874), marked the opening of a new period in the history of economic thought.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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