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.


William Stanley Jevons 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 - 152.

William Stanley Jevons Quotes

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...

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...

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...

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...