Which book by Jevons started the mathematical method in economics?
The Principles of Science
The State in Relation to Labour
A General Mathematical Theory of Political Economy
The Coal Question
Answer
"Theory of Political Economy" by William Stanley Jevons, published in 1862, pioneered the application of mathematics in economic analysis. Jevons introduced the concept of marginal utility, a cornerstone of neoclassical economics, and utilized mathematical equations and diagrams to illustrate economic principles, setting the foundation for modern mathematical economics.
Unlocking the Genius of William Stanley Jevons: A Voyage Through Economic Thought and Logical Mastery
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