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And then the difference seems to arise from the deficient harvest, from the growth of population, from the extortion of tradesmen, from anything rather than the change of a British sovereign fresh from the Mint. Value is the most invisible and impalpable of ghosts, and comes and goes unthought of while the visible and dense matter remains as it was.

— William Stanley Jevons Investigations in Currency and Finance (1884)

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More quotes by William Stanley Jevons

The calculus of utility aims at supplying the ordinary wants of man at the least cost of labour.

The Theory of Political Economy (1871)

Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility.

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I shall endeavor to show that induction is really the inverse process of deduction.

The Principles of Science: A Treatise on Logic and Scientific Method (1874)

Our English economists have been living in a fool's paradise.

The Theory of Political Economy (1871)

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

Investigations in Currency and Finance (1884)

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