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Jevons

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Jevons
William Stanley. 1835--82, English economist and logician: introduced the concept of final or marginal utility in The Theory of Political Economy (1871)


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Jevons is famous for his work on the business cycle-trying to explain why the economy wobbles between rapid growth and depressions.
Jevons is a limey with a thick northern British accent and the gift of gab--which is perhaps why some locals call his lace "The Flying Windbag"--making it a must for barhopping gossips.
Day by day it becomes more evident that the Coal we happily possess in excellent quality and abundance is the mainspring of modern material civilization," British economist William Stanley Jevons wrote in his book The Coal Question, published in 1865.
 
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