„One of the most important axioms is, that as the quantity of any commodity, for instance, plain food, which a man has to consume, increases, so the utility or benefit derived from the last portion used decreases in degree. The decrease in enjoyment between the beginning and the end of a meal may be taken as an example. And I assume that on an average, the ratio of utility is some continuous mathematical function of the quantity of commodity. This law of utility has, in fact, always been assumed by political economists under the more complex form and name of the Law of Supply and Demand. But once fairly stated in its simple form, it opens up the whole of the subject.“

Letter to his brother (1 June 1860), published in Letters and Journal of W. Stanley Jevons (1886), edited by Harriet A. Jevons, his wife, p. 151. https://archive.org/details/cu31924074297254/page/n168/mode/1up

Adopté de Wikiquote. Édité par Eszter Kissová. Dernière mise à jour 3 juin 2021. L'histoire
William Stanley Jevons photo
William Stanley Jevons
Économiste anglais, considéré comme co-fondateur de l'école… 1835 - 1882

Citations similaires

William Stanley Jevons photo
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„Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.“

—  David Ricardo British political economist, broker and politician 1772 - 1823

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter I, Section I, On Value, p. 5

Jean-François Lyotard photo
Kenneth E. Iverson photo
David Ricardo photo

„The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.“

—  David Ricardo British political economist, broker and politician 1772 - 1823

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXX, Influence of Demand and Supply, p. 260

Joan Robinson photo

„the merchant had observed that the marginal utility of daughters decreases with surprising rapidity.“

—  Joan Robinson English economist 1903 - 1983

Source: Contributions to Modern Economics (1978), Chapter 24, Beauty and the Beast, p. 268

George Will photo

„A decrease in the quantity of legislation generally means an increase in the quality of life.“

—  George Will American newspaper columnist, journalist, and author 1941

Column, December 23, 2007, "The Gift Of Doing Very Little" http://www.washingtonpost.com/wp-dyn/content/article/2007/12/21/AR2007122101922.html at washingtonpost.com.

Guglielmo Marconi photo

„This new form of communication could have some utility.“

—  Guglielmo Marconi Italian inventor and radio pioneer 1874 - 1937

Marconi, 1899: Cited in: Simon Saunders, ‎Alejandro Aragón-Zavala (2007) Antennas and Propagation for Wireless Communication. p. 361

John Napier photo
Augustus De Morgan photo
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„Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.“

—  Alan Greenspan 13th Chairman of the Federal Reserve in the United States 1926

Testimony Before the Committee on Banking and Financial Services, U.S. House of Representatives July 24, 1998 http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm.

Herbert A. Simon photo
Johannes Kepler photo
Benjamin Graham photo
Calvin Coolidge photo
Larry King photo

„Don’t utilize utilize. Use use.“

—  Larry King American television and radio host 1933

How to Talk to Anyone, Anytime, Anywhere: The Secrets of Good Communication

Ragnar Frisch photo

„I approached the problem of utility measurement in 1923 during a stay in Paris. There were three objects I had in view :
:(I) To point out the choice axioms that are implied when we think of utility as a quantity, and to define utility in a rigorous way by starting from a set of such axioms;
:(II) To develop a method of measuring utility statistically;
:(III) To apply the method to actual data.
The results of my study along these lines are contained in a paper “Sur un Problème d’Économic Pure”, published in the Series Norsk Matematisk Forenings Skrifter, Serie I, Nr 16, 1926. In this paper, the axiomatics are worked out so far as the static utility concept is concerned. The method of measurement developed is the method of isoquants, which is also outlined in Section 4 below. The statistical data to which the method was applied were sales and price statistics collected by the “Union des Coopérateurs Parisien”. From these data I constructed what I believe can be considered the marginal utility curve of money for the “average” member of the group of people forming the customers of the union. To my knowledge, this is the first marginal utility curve of money ever published.“

—  Ragnar Frisch Norwegian economist 1895 - 1973

Frisch (1932) New Methods of Measuring Marginal Utility. Mohr, Tübingen. p. 2-3: Quoted in: Dagsvik, John K., Steinar Strøm, and Zhiyang Jia. " A stochastic model for the utility of income http://www.ssb.no/a/publikasjoner/pdf/DP/dp358.pdf." (2003).

Charles Darwin photo

„There is grandeur in this view of life, with its several powers, having been originally breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.“

—  Charles Darwin, livre On the Origin of Species (1859)

Source: On the Origin of Species (1859), chapter XIV: "Recapitulation and Conclusion", page 490 http://darwin-online.org.uk/content/frameset?pageseq=508&itemID=F373&viewtype=image
Close of the first edition (1859). Only use of the term "evolve" or "evolution" in the first edition.
In the second http://darwin-online.org.uk/content/frameset?pageseq=508&itemID=F376&viewtype=image (1860) through sixth (1872) editions, Darwin added the phrase "by the Creator" to read:

Seth Lloyd photo