The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Jevons as an Economic Theorist

  • Terry Peach
Reference work entry


The story goes that Jevons, along with his contemporaries, Menger and Walras, was a Founding Father of ‘neoclassical’ economics. Whether this claim has much substance could be, and has been, disputed. To mention just two issues: as Jevons candidly acknowledged, leading features of his theory had been anticipated, notably by Dupuit and Gossen (although his ideas were developed independently of theirs); and a marked, distinctively Jevonian imprint on mainstream ‘neoclassical’ thought is hard to distinguish, masked by the dominant influence of Alfred Marshall.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Terry Peach
    • 1
  1. 1.