William Stanley Jevons was a self-proclaimed revolutionary, whose struggle under what he called the 'Noxious authority' of John Stuart Mill in economic circles is well-known. He was highly critical of the labour theory of value and the wages fund theory attributed to David Ricardo, and offered his own theory of exchange value which he contrasted to the 'mazy and preposterous' notions of English Classical economists.

William Stanley Jevons occupies a pivotal position in the history of economic thought, spanning the transition from classical to neo-classical economics and playing a key role in the Marginal Revolution. The breadth of Jevons's work is examined here which: * includes a detailed consideration of a wide range of his work-policy, theoretical, methodological, applied and empirical * relies on textual exegis * takes account of a wide range of secondary sources A new approach to the 'Jevonian revolution' is adopted, which (...) emphasizes the link between poverty and economics and focuses on the nature and meaning of rationality in Jevonian economics. (shrink)