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William Stanley Jevons Quotes: 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.
         

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
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Other quotes of William Stanley Jevons


Value is the most invincible and impalpable of ghosts, and comes and goes unthought of, while the visible and dense matter remains as it was.

Value is the most invincible and impalpable of ghosts, and comes and goes unthought of, while the visible and dense matter remains as it was.



A little experience is worth much argument; a few facts are better than any theory.

A little experience is worth much argument; a few facts are better than any theory.



Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.

Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.



The difficulties of economics are mainly the difficulties of conceiving clearly and fully the conditions of utility.

The difficulties of economics are mainly the difficulties of conceiving clearly and fully the conditions of utility.



we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.

we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.



As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.

As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.



Logic should no longer be considered an elegant and learned accomplishment; it should take its place as an indispensable study for every well-informed person.

Logic should no longer be considered an elegant and learned accomplishment; it should take its place as an indispensable study for every well-informed person.



The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.

The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.



but, in reality, there is no such thing as an exact science.

but, in reality, there is no such thing as an exact science.



A correct theory is the first step towards improvement, by showing what we need and what we might accomplish.

A correct theory is the first step towards improvement, by showing what we need and what we might accomplish.





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When you don't understand something, you label it and condemn it" (94) - Danny Glover, "The Fundamental Things

When you don't understand something, you label it and condemn it" (94) - Danny Glover, "The Fundamental Things



The things I carry are my thoughts. That's it. They are the only weight. My thoughts determine whether I am free and light or burdened.

The things I carry are my thoughts. That's it. They are the only weight. My thoughts determine whether I am free and light or burdened.



Morrie, ” Koppel said, “that was seventy years ago your mother died. The pain still goes on?”“You bet, ” Morrie whispered.

Morrie, ” Koppel said, “that was seventy years ago your mother died. The pain still goes on?”“You bet, ” Morrie whispered.



Believe in yourself even when others doubt your capabilities.

Believe in yourself even when others doubt your capabilities.



Life Teaches You Several Things, It says 'Hi' & Gives You 'Good', It Says 'Hello' & Gives you 'Better', It says ''Wait" & Gives You "The Best

Life Teaches You Several Things, It says 'Hi' & Gives You 'Good', It Says 'Hello' & Gives you 'Better', It says ''Wait" & Gives You "The Best



The bread of such a nation (living godly) shall be in constant supply. Talking of abundance, provision, prosperity, surplus etc.

The bread of such a nation (living godly) shall be in constant supply. Talking of abundance, provision, prosperity, surplus etc.



The only place I want to travel to is the United States Of America from 2008 to 2016. Anywhere else is a horribly dangerous time for women and minorities.

The only place I want to travel to is the United States Of America from 2008 to 2016. Anywhere else is a horribly dangerous time for women and minorities.



I think, for me, I have to remember that I'm telling a story in some way.

I think, for me, I have to remember that I'm telling a story in some way.



True piety lies rather in the power to contemplate the universe with a quiet mind.

True piety lies rather in the power to contemplate the universe with a quiet mind.



So I didn't pass. It was the army's decision that they didn't want me to go into the service. They're the boss. I don't want to say no whole lot about it.

So I didn't pass. It was the army's decision that they didn't want me to go into the service. They're the boss. I don't want to say no whole lot about it.




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This page presents the quote "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.". Author of this quote is William Stanley Jevons. This quote is about amount, equilibrium, utility, rate, commodity, known, gains, loss,.