The Theory of Political Economy (Hardcover) (ISBN-13: 9781025371146)

"The Theory of Political Economy" is a landmark work in the history of economic thought, representing a foundational shift toward the mathematical analysis of value and utility. Written by the influential economist W. Stanley Jevons, this treatise challenges the prevailing classical labor theory of value by introducing the concept of marginal utility. Jevons argues that value depends entirely upon utility, utilizing mathematical principles to explain the mechanics of exchange, labor, and capital.

Through its rigorous application of calculus to economic phenomena, the work establishes a scientific framework for understanding how individuals maximize pleasure and minimize pain within a market. It explores the relationship between scarcity and demand, providing a systematic approach to the distribution of resources. As one of the core texts of the Marginal Revolution, "The Theory of Political Economy" remains essential reading for students and scholars of economic theory, offering profound insights into the origins of modern microeconomics and the evolution of quantitative analysis in the social sciences.

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Author: W. Stanley Jevons
ISBN-10: 1025371143
ISBN-13: 9781025371146
Publisher: Tradd Street Press
Language: English
Published: 02/14/2026
Pages: 406
Format: Hardcover
Weight: 1.64lbs
Size: 9.21h x 6.14w x 0.94d