How Do You Spell WILLIAM STANLEY JEVONS?

Pronunciation: [wˈɪli͡əm stˈanlɪ d͡ʒˈɛvɒnz] (IPA)

"William Stanley Jevons" is spelled with the IPA phonetic transcription /ˈdʒɛvənz/. The "J" is pronounced as "dj" and the "e" is pronounced as the short "e" sound. The "v" is pronounced with the voiceless "v" sound and the "o" is pronounced as the short "u" sound. The "n" is pronounced with the nasal "n" sound and the "s" is pronounced with the voiceless "s" sound. The correct pronunciation of "William Stanley Jevons" is important for clear communication and understanding.

WILLIAM STANLEY JEVONS Meaning and Definition

1. William Stanley Jevons (1835-1882) was a prominent English economist and logician who made significant contributions to the fields of economics and logic during the 19th century. He is renowned as one of the pioneers of the marginal revolution, which significantly advanced economic theory.

   In economics, Jevons is best known for his groundbreaking book, "The Theory of Political Economy" (1871), which revolutionized the understanding of utility and marginal utility. He introduced the concept of marginal utility, arguing that the value of a commodity is not solely based on its intrinsic qualities, but also on the satisfaction derived from its marginal use. This theory laid the foundation for modern consumer demand theory and greatly influenced subsequent economists.

   Beyond his contributions to economics, Jevons also had a profound impact on logic and methodology. He advocated for the use of mathematical and statistical methods in economic analysis, emphasizing the importance of precision and rigorous reasoning. Jevons' work in logic, particularly his book "The Principles of Science" (1874), expanded on the principles of induction and probability, shedding new light on the scientific method.

   Jevons' intellectual contributions were diverse and wide-ranging, and his work continues to be highly regarded by economists and scholars today. His innovative ideas have had a lasting impact on economic theory, shaping the way economists understand and analyze economic phenomena. William Stanley Jevons is recognized as a pioneering figure in economics and logic, whose groundbreaking insights continue to shape the field's development.

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