William Stanley Jevons
September 1, 1835 – August 13, 1882
William Stanley Jevons was an English economist and logician whose work fundamentally shifted the mathematical approach in economics. His theory of marginal utility introduced a new perspective on value, positing that the utility of an additional unit of a good diminishes as an individual's ownership increases. Jevons also highlighted concerns about resource depletion, anticipating the paradox where increased efficiency in production can paradoxically lead to greater consumption. His contributions to the marginal revolution in economic thought and his logical inquiries established him as a pivotal figure in scientific advancement.
