Jevons and the principle of marginal utility: Empirical research and economic theory
Copyright (c) 2017 Semestre Económico Universidad de Medellín
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Published: March 1, 2017
Abstract
This paper in based on a critical and comparative analysis done over the logic treaty (Principles of Science) and economic treaty (Theory of political Economy), which objective is to analyze W.S Jevons thoughts on his definition on inductive logic and its application in economics, taking as base the profit principle. Jevons objective is to analyze economics as a science under the proposed inductive logic methodology included in his scientific method treaty (Principles of Science). Within this proposal, the profit principal can be conceived as a hypothesis for individual behavior appealable by empiric behavior.
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