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Originally published in 1871, "The Theory of Political Economy" was
the first text to introduce the concept of utility theory into
economics and the use of calculus as a way to simplify and present
economic problems. In this classic work Jevons re-formulated the
central problem of economics as one of how to maximise overall
utility with a set amount of means of production. Utility expressed
as a function became the basis of the a new theory of value which
substantially differs from the classical political economists'
labour theory of value. Drawing on his roots in the natural
sciences Jevons revolutionised the tools and methods associated
with political economy and kick-started the metamorphosis of the
discipline.
Preface - List of Abbreviations - Lectures I-XXIII
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