Jacqueline Best (2005) The Limits of Transparency: Ambiguity and the History of International Finance, Ithaca, NY: Cornell University Press. Pepper D. Culpepper (2003) Creating Cooperation: How States Develop Human Capital in Europe, Ithaca, NY: Cornell University Press. [ABSTRACT FROM AUTHOR]
ECONOMICS literature, SOCIAL science literature, ECONOMICS, NONFICTION
Abstract
In the Preface to the second edition of his Theory of Political Economy (1879), W. Stanley Jevons announced an extraordinary turn in his analysis as he abandoned much of the explanatory framework used in the body of the text to explain cost of production and distribution. It is shown here that, when the Theory is read in the context of the objective and structure of Jevons' distribution analysis, the turn can be explained as Jevons' response to the realization that he was only able to reconcile his analysis of cost of production and of distribution in a special case. [ABSTRACT FROM AUTHOR]