Political economy theory

Author: (English) Stanley Jevons
Publisher:
Publish Date: 1997-08-01
Features: Economics, as a science, is built upon a few seemingly simple concepts. Utility, wealth, value, goods, labor, land, and capital are the elements of this discipline. Those who thoroughly understand these elements will also understand or quickly grasp the entire science. Because a slight error in concept can shake our entire deductions, almost every economist says that the study of these simple elements must be careful and precise. In this book, the author has regarded economics as the calculus of pleasure and pain, breaking free from the constraints of predecessors to establish the form of economics. It is clear that if economics is a science, it must be a mathematical science. The attempt to introduce mathematical methods and language into the study of mental sciences has encountered deep prejudice. Many people seem to think that the physical sciences are the appropriate field for applying mathematical methods, while the mental sciences require some other method—I don’t know what it is. But my economic theory is purely mathematical in nature.