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William Stanley Jevons Quotes: Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.
         

Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.


William Stanley Jevons
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Other quotes of William Stanley Jevons


Value is the most invincible and impalpable of ghosts, and comes and goes unthought of, while the visible and dense matter remains as it was.

Value is the most invincible and impalpable of ghosts, and comes and goes unthought of, while the visible and dense matter remains as it was.



A little experience is worth much argument; a few facts are better than any theory.

A little experience is worth much argument; a few facts are better than any theory.



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

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



we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.

we often observe that there is abundance of capital to be had at low rates of interest, while there are also large numbers of artisans starving for want of employment.



As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.

As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.



Logic should no longer be considered an elegant and learned accomplishment; it should take its place as an indispensable study for every well-informed person.

Logic should no longer be considered an elegant and learned accomplishment; it should take its place as an indispensable study for every well-informed person.



The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.

The theory which follows is entirely based on a calculus of pleasure and pain; and the object of economics is to maximize happiness by purchasing pleasure, as it were, at the lowest cost of pain.



but, in reality, there is no such thing as an exact science.

but, in reality, there is no such thing as an exact science.



A correct theory is the first step towards improvement, by showing what we need and what we might accomplish.

A correct theory is the first step towards improvement, by showing what we need and what we might accomplish.



The point of equilibrium will be known by the criterion that an infinitely small amount of commodity exchanged in addition, at the same rate, will bring neither gain nor loss of utility.

The point of equilibrium will be known by the criterion that an infinitely small amount of commodity exchanged in addition, at the same rate, will bring neither gain nor loss of utility.





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Leaders must served and not to be served as demonstrated by Jesus Christ, the Saviour.

Leaders must served and not to be served as demonstrated by Jesus Christ, the Saviour.



Allocate your resources wisely for all men have been endowed with abilities that are more than sufficient to accomplish even the greatest of their dreams.

Allocate your resources wisely for all men have been endowed with abilities that are more than sufficient to accomplish even the greatest of their dreams.



As far as I can tell, a young-adult novel is a regular novel that people actually read.

As far as I can tell, a young-adult novel is a regular novel that people actually read.



Many promising reconciliations have broken down because while both parties come prepared to forgive, neither party come prepared to be forgiven.

Many promising reconciliations have broken down because while both parties come prepared to forgive, neither party come prepared to be forgiven.



The only things I like are either illegal or they make me fat.

The only things I like are either illegal or they make me fat.



Fact is based upon vulgar matter.

Fact is based upon vulgar matter.



All you have really to do is to keep your back as straight as you can; and not think about what is upon it. The real and essential meaning of "virtue" is that straightness of back.

All you have really to do is to keep your back as straight as you can; and not think about what is upon it. The real and essential meaning of "virtue" is that straightness of back.



There's no reason for the electors to overrule the popular choice.

There's no reason for the electors to overrule the popular choice.



You have to raise $100 million, probably, to be serious.

You have to raise $100 million, probably, to be serious.



Ideally if I settled down with a wife I would love to form my own troupe of mini dancers!

Ideally if I settled down with a wife I would love to form my own troupe of mini dancers!




Quote Description


This page presents the quote "Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.". Author of this quote is William Stanley Jevons. This quote is about difficulty, application, theory, economist,.