William Stanley Jevons Quotes About Commodities

Quotes about: Commodities

• One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example.

  William Stanley Jevons

  Taken, Men, Important

  William Stanley Jevons (1973). “Papers and correspondence of William Stanley Jevons”

• The point of equilibrium will be known by the criterion that an infinitely small amount of commodity exchanged in addition, at the same rate, will bring neither gain nor loss of utility.

  William Stanley Jevons

  Loss, Gains, Commodity

  1871 The Theory of Political Economy.

• By a commodity we shall understand any object, substance, action or service, which can afford pleasure or ward off pain.

  William Stanley Jevons

  Pain, Substance, Action

  William Stanley Jevons (1970). “The Theory of Political Economy”, Penguin (Non-Classics)

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