ipl-logo

William Stanley Jevons

1238 Words5 Pages

William Stanley Jevons

• Introduction

William Stanley Jevons was one of the most influential economists of the 19th century. He pioneered the use of mathematics in economics, focusing on statistical analysis more than any of the other great economists. Even though he was not the first academic who applied complicated mathematical and statistical techniques to analyse economic issues, he was by far the most effective supporter and practitioner of the ‘mathematical theory of political economy’.
Jevons was one of the people who influenced famous economists such as Irving Fisher, Alfred Marshall, Frank Fetter and Lionel Robbins.

It is important for us to read and know about the contributions of William Jevons to economics, because his research …show more content…

Yet people now use more resources for lighting than we ever have in the past, since we have chosen to put lights almost everywhere. As a result this lead to considerably increased light pollution. http://ourenergyfutures.org/page-titre-The_Jevons_Paradox-cid-25.html • Practical Economics
Even though Jevons contributed to several theories on economic science, he first received general recognition as a writer on practical economy. A Serious Fall in the Value of Gold (1863) and The Coal Question (1865) placed him in the front rank as a writer on applied economics and statistics making him remembered as one of the leading economists of the 19th century.

In his work The Coal Question, Jevons suggested that coal resources in Britain were exhaustible and as the coal reserves run out, the cost of coal would rise substantially. However, that conclusion was wrong as Jevons did not foresee that the depletion of coal would lead to people being more innovative therefore resulting in the development of technology in extracting coal and alternative sources of …show more content…

This work represents one of the greatest contributions to the theory of index numbers ever published.

http://www.britannica.com/EBchecked/topic/303348/William-Stanley-Jevons

Amongst his economic works may be mentioned Money and the Mechanism of Exchange (1875), written in a popular style, and descriptive rather than theoretical, but wonderfully fresh and original in treatment and full of suggestiveness.

Show More
Related

  • Rhetorical Analysis Of Paul Bogard's Misunderstood

    419 Words  | 2 Pages

    Paul shows that animals and the ecosystem need darkness. He states that “the rest of the world depends on darkness as well, including nocturnal and crepuscular species of birds, insects, mammals, fish and reptiles.” He states examples such as “bats that save billions in pest control and the moths that pollinate 80% of the world’s flora.” both example show how there is logic in reducing light pollution. Paul Bogard is very persuasive by using pathos and logos.

    Read More

  • John Towner Williams Major Accomplishments

    439 Words  | 2 Pages

    Music is used all over the world in movies, plays, and other entertainments. Musical composers are widely known for their talent to create their own original pieces. Each unique composer specializes in a different category of theater and occasionally many categories. One very famous film composer, John Towner Williams, is a very significant part of music history considering his family history, adult development, and musical accomplishments. John Williams, American composer, conductor, and pianist is highly appreciated for his marvelous work of fine arts.

    Read More

  • John Williams Research Paper

    242 Words  | 1 Pages

    John Williams is a composer of the Contemporary period which started in 1900 and goes to present day. Williams was born on February 8, 1932 in Queens, New York. When he was 14, him and his family moved to Los Angeles, California. After high school, he went to the University of Los Angeles, The Juilliard School. Now Williams is a musician, composer, and conductor.

    Read More

  • BPBE 272 Week 3 Assignment

    1420 Words  | 6 Pages

    Throughout the term in BPBE 272 there has been many important skills I have learned to help me pursue my goal in University. I have learned all key concepts of economics and also learned how to use them in my everyday life. This class has gave me tremendous help on how to look at the world in the way an economist does. You have taught us in a way that did not require us to just memorize the material but to actually take the time to learn about the information we are given. I will explain the main points I have learned in this class, what it means to have learned all of the information, How I have changed my perspective on economics, how I can apply my knowledge in the workforce and why this course was so important to me.

    Read More

  • Stanley Tookie Williams

    698 Words  | 3 Pages

    At the point when managing Capital Punishment there are a wide range of strategies they use in the detainment facilities. Presently the act of the death penalty is as old as the administration itself. The death penalty is a legitimate infusion of capital punishment in which it is utilized for lawbreakers. As I would like to think, the demise of the criminal I think it rely on upon the individual whom did the wrongdoing and in addition the casualty family whom ought to have the capacity to see the crooks passing not the entire world. In the wake of perusing and doing research on the death penalty it has its genius and cons which will be clarify later.

    Read More

  • Gimpel The Fool, Where Have You Been?, And Trifles

    659 Words  | 3 Pages

    The term oikonomia is defined as the law of the house. The economist is the person who will take on the job to create the laws of the house. As we see today, our economy is a massive makeup of various ways to manage our society. Whether managed properly or mismanaged, the economist influences their economy strongly. Economy in general can function in many different ways, as we see in the literature works, “Gimpel The Fool”, “Where Are You Going?

    Read More

  • Dbq Essay On Philosophes

    503 Words  | 3 Pages

    Before Adam Smith’s push for this, it was common for governments to make most the decisions about what to trade and how much everything was. He wrote The Wealth of Nations to help this cause change. He also wrote that if individuals pursue their own self-interest, they would help the society (Doc C). Individual freedom is the key to a better economy as well.

    Read More

  • John Leonard

    464 Words  | 2 Pages

    Most colleges have a library in which scholars are allowed to use and use the resources within. As an online student, going to the college library can be quite the trek. Little known to most scholars, Collin College has a full online library with the same resources as its on campus counterpart. John Leonard is the Distance Learning and Digital Services Librarian at Collin College. In the online orientation, Library Anywhere, Leonard explains that Collin College wants to give online scholars the same resources that any student on campus would have, including a library.

    Read More

  • Gifford Pinchot Protecting The Environment Summary

    631 Words  | 3 Pages

    As he once wrote in 1910 “the use of the natural resources now existing on this continent for the benefit of the people who live here now”. (Pinchot 165) This would have major repercussion within the future and can still be seen today with our

    Read More

  • A Rhetorical Analysis Of Freakonomics By Levitt And Dubner

    1566 Words  | 7 Pages

    1. Summaries: a. Intro: There is a hidden side to everything, no matter what it is in the world of economics. There is a disparity in morality and reality—morality is how we want the world to work, and reality or economics is how the world actually works. Book goes on to layout Freakonomics and define unusual phenomena that later become chapters.

    Read More

  • John Henrik Clarke

    1427 Words  | 6 Pages

    Dr. John Henrik Clarke was an author, historian, educator, poet, civil activist and -autodidact leader. Born John Henry Clark on January 1, 1915, in Unions Springs, Alabama to John Clark, a sharecropper, and Willie Ella Mays Clark, a laundress. Although he was born in Alabama, he grew up in Georgia. “Clarke decided to add an “e” to his family name Clark and changed his middle name to “Henrik” after the Scandinavian rebel playwright Henrik Ibsen” (Markoe, 120). He grew up during an era where Jim Crow was pervasive in which “equal but separate” became the custom and repressive law for African Americans.

    Read More

  • Research Paper On John Williams

    620 Words  | 3 Pages

    In Hollywood, it’s rare, very rare for a name to be associated with as many great projects as John Williams is. Aside from producer Jerry Bruckheimer, I can think of no one but Williams to sit on that throne, and rightfully so. The films he composed for are now either cult classics, regarded as genre-starters or artistic masterpieces. It is virtually impossible to list all of Williams’ scores, specially when most, if not all, are considered works of art that deserves full on explanation of their whys and hows. Having said that, some of his work reached and surpassed your good ol’ epicness level to reach a whole new level. Of those works, the most notoriously known is Star Wars.

    Read More

  • Water Diamond Paradox By Adam Smith

    1355 Words  | 6 Pages

    White introduces us with Smith’s water diamond paradox, also known as the classical paradox of value. The thesis of the article is that “there was never a paradox for Smith and his successors” (FWDP, 2) and shows why the water diamond paradox is a “fable” (2). The fable is a product of the twentieth century, which is used as an explanation of Smith’s paragraph in textbooks and lectures. The explanation is that the paradox puzzled Smith and his successors can be resolved with “the marginal utility theory (of Jevons) and a partial equilibrium supply and demand diagram” (2). However, there is no evidence that Smith and his successors were puzzled and one paragraph turned into a

    Read More

  • Money In Ayn Rand's Atlas Shrugged

    820 Words  | 4 Pages

    Before I read Atlas Shrugged by Ayn Rand, I associated a love for money as greediness and materialism. “The words ‘to make money’ hold the essence of human morality.” This statement has changed my view of money and it’s impact on society. In Rand’s book, a character by the name of Francisco d’Anconia gives a speech on the virtue of wealth after being called out for being a depraved product of money. He is scorned for his profits through the downfall of his competitors, but then ultimately talks about the problems his own company faces.

    Read More

  • Why I Want To Study Economics Essay

    734 Words  | 3 Pages

    Learning history is always important as it reveals our mistakes and grants us the opportunity to learn from our mistakes. My understanding of the history of economics will serve as a useful base-knowledge as I continue on my studies in economics. In my third and fourth year of university, I will broaden my field of study to an international level. As I have mentioned previously, I plan to learn international economics through classes such as International Trade or International Finance. Moreover, I will take business-related classes funded by corporates to get familiarized with industries in Japan and the real-world problems that they face.

    Read More

More about William Stanley Jevons

Open Document