Jevons: Critical Responses

William Stanley Jevons was a self-proclaimed revolutionary, whose struggle under what he called the 'Noxious authority' of John Stuart Mill in economic circles is well-known. He was highly critical of the labour theory of value and the wages fund theory attributed to David Ricardo, and offered his own theory of exchange value which he contrasted to the 'mazy and preposterous' notions of English Classical economists.