Source: Travels in the North of Germany (1820), p. 86, Vol. 2
“The calculus of utility aims at supplying the ordinary wants of man at the least cost of labour.”
Source: The Theory of Political Economy (1871), Chapter I, Introduction, p. 53.
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William Stanley Jevons 69
English economist and logician 1835–1882Related quotes

Pensées, p. 47, as translated by Mary Ilford in The Bourgeois: Catholicism vs. Capitalism in Eighteenth-Century France (1968), p. 84

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XVI, Taxes on Wages, p. 141

What then must we do? (1886)
Context: The conscience of a man of our circle, if he retains but a scrap of it, cannot rest, and poisons all the comforts and enjoyments of life supplied to us by the labour of our brothers, who suffer and perish at that labour. And not only does every conscientious man feel this himself (he would be glad to forget it, but cannot do so in our age) but all the best part of science and art - that part which has not forgotten the purpose of its vocation - continually reminds us of our cruelty and of our unjustifiable position. The old firm justifications are all destroyed; the new ephemeral justifications of the progress of science for science's sake and art for art's sake do not stand the light of simple common sense. Men's consciences cannot be set at rest by new excuses, but only by a change of life which will make any justification of oneself unnecessary as there will be nothing needing justification.

Grundrisse (1857-1858)
Source: Notebook I, The Chapter on Money, p. 58.
Pages 713–714.
"The Marxian Theory of Value: Das Kapital: A Criticism" (1884)
Context: It is true also that Marx elsewhere virtually defines value so as to make it essentially dependent upon human labour (p. 81 [43a]). But for all that his analysis is based on the bare fact of exchangeability. This fact alone establishes Verschiedenkeit and Ghichheit, heterogeneity and homogeneity. Any two things which normally exchange for each other, whether products of labour or not, whether they have, or have not, what we choose to call value, must have that "common something" in virtue of which things exchange and can be equated with each other; and all legitimate inferences as to wares which are drawn from the bare fact of exchange must be equally legitimate when applied to other exchangeable things. Now the "common something," which all exchangeable things contain, is neither more nor less than abstract utility, i. e. power of satisfying human desires. The exchanged articles differ from each other in the specific desires which they satisfy, they resemble each other in the degree of satisfaction which they confer. The Verschiedenheit is qualitative, the Gleichheit is quantitative.It cannot be urged that there is no common measure to which we can reduce the satisfaction derived from such different articles as Bibles and brandy, for instance (to take an illustration suggested by Marx), for as a matter of fact we are all of us making such reductions every day. If I am willing to give the same sum of money for a family Bible and for a dozen of brandy, it is because I have reduced the respective satisfactions their possession will afford me to a common measure, and have found them equivalent. In economic phrase, the two things have equal abstract utility for me. In popular (and highly significant) phrase, each of the two things is worth as much to me as the other.Marx is, therefore, wrong in saying that when we pass from that in which the exchangeable wares differ (value in use) to that in which they are identical (value in exchange), we must put their utility out of consideration, leaving only jellies of abstract labour. What we really have to do is to put out of consideration the concrete and specific qualitative utilities in which they differ, leaving only the abstract and general quantitative utility in which they are identical.This formula applies to all exchangeable commodities, whether producible in indefinite quantities, like family Bibles and brandy, or strictly limited in quantity, like the "Raphaels," one of which has just been purchased for the nation. The equation which always holds in the case of a normal exchange is an equation not of labour, but of abstract utility, significantly called worth. … A coat is made specifically useful by the tailor's work, but it is specifically useful (has a value in use) because it protects us. In the same way, it is made valuable by abstractly useful work, but it is valuable because it has abstract utility.

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 5, To Each According To His Contribution, p. 112