
Herbert Stanley Jevons
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Herbert Stanley Jevons was an influential English economist and logician, best known for his works in the field of economics and his contributions to the theory of utility. Born in 1835, Jevons was a key figure in the development of marginal utility theory, which reshaped economic thought and laid the groundwork for modern economic analysis. His seminal work, 'The Theory of Political Economy', introduced the concept of utility as a measure of value, which challenged the classical economics of his time and provided a new understanding of consumer behavior.
In addition to his economic theories, Jevons made significant contributions to logic and philosophy. He developed a new approach to logical reasoning, which was published in his book 'Principles of Science'. His interdisciplinary influence extended beyond economics into areas such as mathematics and social science, making him a pivotal figure in the intellectual landscape of the 19th century. Jevons continued to actively engage in economic discourse until his death in 1882, leaving a lasting legacy on subsequent generations of economists and scholars.