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.
William Stanley Jevons
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This page presents the quote "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.". Author of this quote is William Stanley Jevons. This quote is about calculus, pleasure, theory, lowest, cost, economics, purchasing, happiness, pain,.