William Stanley Jevons - Utility Quotes

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The calculus of utility aims at supplying the ordinary wants of man at the least cost of labour.

William Stanley Jevons

Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility.

William Stanley Jevons

My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of economics.

William Stanley Jevons

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

The difficulties of economics are mainly the difficulties of conceiving clearly and fully the conditions of utility.

William Stanley Jevons

Labour once spent has no influence on the future value of any article; it isgone and lost for ever. In commerce bygones are forever bygones; and we are alwaysstarting clearat each moment, judging the values of things with a view to future utility.

William Stanley Jevons