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Great Economic Thinkers from the Classicals to the Moderns, 2017, p.191-286
Ort / Verlag
United Kingdom: Routledge
Erscheinungsjahr
2017
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
William Stanley Jevons: the path to modern Utilitarianism
The Theory of Political Economy is without a doubt among the foremost classics
of economics. For a long time Jevons, Menger, and Walras were considered the
founders of Neoclassicism, an ostensibly sudden turn in economic theory which
the English often refer to as the ‘Marginalist Revolution.’ This interpretation is
challenged by the fact that Cournot and Gossen were certainly more than simple predecessors, since they arrived at discoveries comparable in importance with
Jevons, Menger, and Walras. However, Cournot received but little attention, and
Gossen as good as none. There was also a lengthy delay before the new perspective introduced by Jevons, Menger, and Walras was accepted, so that Niehans
(1990, p. 163) writes, ‘The rise of marginalism may serve as a paradigm for nonrevolutionary change in the history of science.’