The Theory of Political Economy.

£250 · Offered by Maggs Bros Ltd

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.

• Binding: Hardcover

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