Stan Jevons

Stanley Jevons was a British economist and logician in the 19th century, known for his work in developing the theory of utility and its role in economics. He introduced the idea that people's preferences and choices can be measured by a concept called "utility," which refers to the satisfaction or pleasure derived from consuming goods and services. Jevons also contributed to the development of mathematical economics, emphasizing the importance of using logical reasoning and quantitative methods in economic analysis. His work laid the groundwork for modern economic thought, particularly in the areas of consumer choice and welfare theory.