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Who described Jevons’ contribution to economics as the start of the mathematical method?
Adam Smith
John Maynard Keynes
Irving Fisher
Paul Samuelson
Answer
Irving Fisher, an influential economist, characterized William Stanley Jevons' contributions to economics as marking the commencement of the mathematical method. Jevons integrated mathematical techniques into economic analysis, pioneering a rigorous and quantitative approach to understanding economic phenomena. This marked a significant departure from the predominantly descriptive and qualitative methods prevalent at the time and laid the groundwork for the development of mathematical economics as a distinct field of study.
Unlocking the Genius of William Stanley Jevons: A Voyage Through Economic Thought and Logical Mastery
More Questions
In addition to the economy, which other area did Jevons' work impact?
Which year did Jevons return to the UK after his time in Sydney?
Where did Jevons primarily develop his economic theories?
What did Jevons’ work coincide with in the history of economic thought?
What was Jevons' profession before he became known as an economist?
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