Jevons's Theory of Political Economy and the ‘Marginalist Revolution’
Bibliographic Data
| ID | 23201838 |
|---|---|
| Authors | Ian Steedman (Manchester Metropolitan University, corresponding author) |
| Year | 1997 |
| Volume | 4 |
| Issue | 1 |
| Pages | 43-64 |
| Publication date | 1997-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | European Journal of the History of Economic Thought (JOURNAL) |
| Journal identifiers | ISSN: 0967-2567 • E-ISSN: 1469-5936 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/10427719700000019 |
| OpenAlex | W2138226290 |
| Language | EN |
| Citations received | 3 |
| References cited | 20 |
Very many statements have been made about the (non-)existence and characterisation of the ‘marginal revolution’ but it is urged here that detailed study of the relevant texts is far more valuable than the making of grand statements about such matters. In particular, a close reading of Jevons's Theory of Political Economyis proposed as an antidote to over-easy generalisation. Jevons by no means rejected all elements of classical theory. He did not propose a catallatic revolution; he attributed such an emphasis to earlier authors and himself stressed the role of production. It is shown that Jevons was very aware of the necessarily general equilibrium nature of his theory but that he was simply not able to cope with it satisfactorily; it is suggested that this explains, at least in part, his fluctuating and apparently inconsistent statements relating utility and labour to value. Jevons certainly attempted to sketch a complete marginal productivity theory of distribution, even if he was far from successful in providing one.
Distribution (mathematics) · Economics · Epistemology · General equilibrium theory · General theory · Macroeconomics · Marginal utility · Mathematical economics · Neoclassical economics · Political science · Politics · Positive economics · Productivity · Reading (process) · Sketch · Value (mathematics) · Value theory · Economic Theory and Institutions · Economic Theory and Policy · Law · Mathematics · Philosophy · Political Economy and Marxism
Marginalism and Marxism
Method and Appraisal in Economics
Value and Distribution in the Classical Economists and Marx 1
Bridging the Natural and the Social
Theories of Value and Distribution since Adam Smith
A Review of Economic Doctrines, 1870-1929
Sraffa and the Theory of Prices
On Revolutions and Progress in Economic Knowledge
A History of Economic Theory
W. S. Jevons and the Foundation of Modern Economies
The Economic and Social Context of the Marginal Revolution of the 1870's
Marginalism and Marxism
Retrospect and Prospect
Marginalism and the Boundaries of Economic Science
Was There a Marginal Revolution
The Theory of Political Economy
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2003 - 2020 (18) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |