The Theory of Political Economy

Jevons, W. Stanley, The Theory of Political Economy (1888)......Page 1
Front Matter......Page 0
Title Page......Page 3
Preface to the First Edition, pp. v-ix......Page 5
Preface to the Second Edition, pp. x-l......Page 10
Preface to the Third Edition, pp. li-lii......Page 51
Table of Contents, pp. lii-lvi......Page 53
Introduction, p. 1......Page 57
Mathematical Character of the Science, p. 3......Page 59
Confusion between Mathematical and Exact Sciences, p. 5......Page 61
Capability of Exact Measurement, p. 7......Page 63
Measurement of Feeling and Motives, p. 12......Page 68
Logical Method of Economics, p. 16......Page 72
Relation of Economics to Ethics, p. 23......Page 79
Pleasure and Pain as Quantities, p. 28......Page 84
Pain the Negative of Pleasure, p. 32......Page 88
Anticipated Feeling, p. 33......Page 89
Uncertainty fo Future Events, p. 35......Page 91
Definition of Terms, p. 37......Page 93
The Laws of Human Want, p. 39......Page 95
Utility is not an Intrinsic Quality, p. 43......Page 99
Law of the Variation of Utility, p. 45......Page 101
Total Utility and Degree of Utility, p. 49......Page 105
Variation of the Final Degree of Utility, p. 52......Page 108
Disutility and Discommodity, p. 57......Page 113
Distribution of Commodity in Different Uses, p. 58......Page 114
Theory of Dimensions of Economic Quantities, p. 61......Page 117
Actual, Prospective, and Potential Utility, p. 69......Page 125
Distribution of a Commodity in Time, p. 71......Page 127
Importance of Exchange in Economics, p. 75......Page 131
Ambiguity of the term Value, p. 76......Page 132
Value Expresses Ratio of Exchange, p. 77......Page 133
Popular Use of the Term Value, p. 78......Page 134
Dimension of Value, p. 83......Page 139
Definition of Market, p. 84......Page 140
Definition of Trading Body, p. 88......Page 144
The Law of Indifference, p. 90......Page 146
The Theory of Exchange, p. 95......Page 151
Symbolic Statement of the Theory, p. 98......Page 154
Analogy of the Theory of the Lever, p. 102......Page 158
Impediments to Exchange, p. 106......Page 162
Illustrations of the Theory of Exchange, p. 108......Page 164
Problems in the Theory of Exchange, p. 111......Page 167
Complex Cases of the Theory, p. 114......Page 170
Competition in Exchange, p. 117......Page 173
Failure of the Equations of Exchange, p. 118......Page 174
Negative and Zero Value, p. 127......Page 183
Equivalence of Commodities, p. 134......Page 190
Acquired Utility of Commodities, p. 137......Page 193
The Gain by Exchange, p. 141......Page 197
Numerical Determination of the Laws of Utility, p. 146......Page 202
Opinions as to the Variation of Price, p. 148......Page 204
Variation of the Price of Corn, p. 152......Page 208
The Origin of Value, p. 161......Page 217
Definition of Labour, p. 167......Page 223
Quantitative Notions of Labour, p. 170......Page 226
Symbolic Statement of the Theory, p. 174......Page 230
Dimensions of Labour, p. 178......Page 234
Balance Between Need and Labour, p. 179......Page 235
Distribution of Labour, p. 183......Page 239
Relation of the Theories of Labour and Exchange, p. 186......Page 242
Relations of Economic Quantities, p. 189......Page 245
Various Cases of the Theory, p. 193......Page 249
Joint Production, p. 197......Page 253
Over-Production, p. 202......Page 258
Limits to the Intensity of Labour, p. 203......Page 259
Accepted Opinions Concerning Rent, p. 210......Page 266
Symbolic Statement of the Theory, p. 215......Page 271
Illustrations of the Theory, p. 219......Page 275
The Function of Capital, p. 221......Page 277
Capital is Concerned With Time, p. 223......Page 279
Quantitative Notions Concerning Capital, p. 228......Page 284
Expression for Amount of Investment, p. 231......Page 287
Dimensions of Captial, Credit, and Debit, p. 232......Page 288
Effect of the Duration of Work, p. 234......Page 290
Illustrations of the Investment of Capital, p. 237......Page 293
Fixed and Circulating Capital, p. 240......Page 296
Free and Invested Capital, p. 241......Page 297
Uniformity of the Rate of Interest, p. 243......Page 299
General Expression for the Rate of Interest, p. 244......Page 300
Dimension of Interest, p. 246......Page 302
Peacock on the Dimensions of Interest, p. 249......Page 305
Tendency of Profits to a Minimum, p. 252......Page 308
Advantage of Capital to Industry, p. 254......Page 310
Are Articles in the Consumers\' Hands Capital, p. 257......Page 313
The Doctrine of Population, p. 264......Page 320
Relation of Wages and Profit, p. 265......Page 321
Professor Hearn\'s Views, p. 271......Page 327
The Noxious Influence of Authority, p. 273......Page 329
Appendix I, List of Mathematico-Economic Writings, p. 277......Page 333
Appendix II, List of the author\'s Economic Writings, p. 292......Page 348
End of the Book, p. 296......Page 352