William Stanley Jevons (1835-1882), English economist and
logician, was one of three men to simultaneously advance the socalled
"marginal revolution." Jevons work "The Theory of Political
Economy" (1871), along with similar discoveries made by Carl
Menger in Vienna (1871) and by Léon Walras in Switzerland
(1874), marked the opening of a new period in the history of
economic thought. Jevons studied chemistry and botany at
University College, London. Because of the bankruptcy of his
fathers business in 1847, Jevons left school to take up the
position of assayer at the Mint in Sydney,...