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William Stanley Jevons Quotes: 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.


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.



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.



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.





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An active mind didn't need distractions in its physical environment. It needed a collection of outstanding books and a good lamp. Maybe some cheese and crackers.

An active mind didn't need distractions in its physical environment. It needed a collection of outstanding books and a good lamp. Maybe some cheese and crackers.



Some people feel, you make your case, if they listen to you, fine, if they don't, that's it. That's not what leadership is. Leadership is trying to continue to make a case.

Some people feel, you make your case, if they listen to you, fine, if they don't, that's it. That's not what leadership is. Leadership is trying to continue to make a case.



I've never been damaged or hurt by press. It's just that I think it's unfair to use your name in media.

I've never been damaged or hurt by press. It's just that I think it's unfair to use your name in media.



It’s okay. I’m used to people not wanting me at their parties.” I pushed to my feet. The stars seemed to twirl a bit with the movement. “No big deal.

It’s okay. I’m used to people not wanting me at their parties.” I pushed to my feet. The stars seemed to twirl a bit with the movement. “No big deal.



I was trying to do too many things at the same time, which is my nature. But I was enjoying it, and I still do enjoy it.

I was trying to do too many things at the same time, which is my nature. But I was enjoying it, and I still do enjoy it.



Nothing much happens without a dream. For something really great to happen, it takes a really great dream.

Nothing much happens without a dream. For something really great to happen, it takes a really great dream.



There are memories I a better off without. Things better lost forever.

There are memories I a better off without. Things better lost forever.



You don't get taken seriously by asking someone to take you seriously. You’ve got to show up and own it. If this is a man’s world, who cares? I’m still really glad to be a girl in it.

You don't get taken seriously by asking someone to take you seriously. You’ve got to show up and own it. If this is a man’s world, who cares? I’m still really glad to be a girl in it.



Swift as shadow, short as any dream

Swift as shadow, short as any dream




Quote Description


This page presents the quote "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.". Author of this quote is William Stanley Jevons. This quote is about calculus, pleasure, theory, lowest, cost, economics, purchasing, happiness, pain,.