Jevons, William Stanley

Jevons, William Stanley (1835-1882), British economist and mathematician, born in Liverpool, and educated at University College, University of London. He is known for the development of the theory of marginal utility, which states that utility determines value. Jevons demonstrated the relationship between utility and value in mathematical terms. Among his writings are The Coal Question (1865), Lessons in Logic (1870), The Theory of Political Economy (1871), Principles of Science (1874), and Principles of Economics (posthumously pub. in 1905).