Political economy

In «Political Economy,» William Stanley Jevons presents a pioneering examination of economic theory through the lens of utilitarianism and marginalism. Written in the late 19th century, this work occupies a crucial position within the context of classical economics and the emerging neoclassical paradigm. Jevons employs a clear and systematic literary style, combining rigorous mathematical analysis with accessible prose, making complex concepts understandable for a broader audience. He introduces the notion of utility as central to decision-making processes, which reflects the evolving... Edasi