Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

In the Lobby of the Energy Hotel: Jevons's Formulation of the Postclassical "Economic Problem"

In the Lobby of the Energy Hotel: Jevons's Formulation of the Postclassical "Economic Problem" History of Political Economy 36:2 (2004) was simply a parameter because “we originally start with labour as the first element of production, and aim at the most economical employment of that labour” (255).2 The second aspect of the break, it has been suggested, was that “for the first time, economics truly became the science that studies the relation between given ends and given scarce means that have alternative uses for the achievement of those ends” (Blaug 1997, 278; see also Winch 1972, 328, 335). The summary is thus depicted as inaugurating the analytical framework of marginalism or postclassical economics3 that Lionel Robbins ([1935] 1949, 2, 16) subsequently characterized as the science of “Modern Economics.” Given the historical importance of Jevons’s summary, the principal purpose of this article is to explain how it came to be produced and its significance for understanding the analysis in TPE. It will be shown that the summary served as an index of Jevons’s attempts to situate political economy in terms of contemporary debates in physics (or “natural philosophy”) regarding the conservation of force or, subsequently, energy. Since the resources for the formulation of the summary became available to him when writing the two http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png History of Political Economy Duke University Press

In the Lobby of the Energy Hotel: Jevons's Formulation of the Postclassical "Economic Problem"

History of Political Economy , Volume 36 (2) – Jun 1, 2004

Loading next page...
 
/lp/duke-university-press/in-the-lobby-of-the-energy-hotel-jevons-s-formulation-of-the-q0Wa5hWMBL
Publisher
Duke University Press
Copyright
Copyright 2004 by Duke University Press
ISSN
0018-2702
eISSN
1527-1919
DOI
10.1215/00182702-36-2-227
Publisher site
See Article on Publisher Site

Abstract

History of Political Economy 36:2 (2004) was simply a parameter because “we originally start with labour as the first element of production, and aim at the most economical employment of that labour” (255).2 The second aspect of the break, it has been suggested, was that “for the first time, economics truly became the science that studies the relation between given ends and given scarce means that have alternative uses for the achievement of those ends” (Blaug 1997, 278; see also Winch 1972, 328, 335). The summary is thus depicted as inaugurating the analytical framework of marginalism or postclassical economics3 that Lionel Robbins ([1935] 1949, 2, 16) subsequently characterized as the science of “Modern Economics.” Given the historical importance of Jevons’s summary, the principal purpose of this article is to explain how it came to be produced and its significance for understanding the analysis in TPE. It will be shown that the summary served as an index of Jevons’s attempts to situate political economy in terms of contemporary debates in physics (or “natural philosophy”) regarding the conservation of force or, subsequently, energy. Since the resources for the formulation of the summary became available to him when writing the two

Journal

History of Political EconomyDuke University Press

Published: Jun 1, 2004

There are no references for this article.