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— William Stanley Jevons"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."
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The change began with John Stuart Mill and the Utopians . When Mill pointed out that economics had no ultimate solution to the problem of distribution , that society might do with the fruits of its toil as it saw fit, he introduced into the mechanical calculus of the market a conflicting calculus of moral judgment.
— Robert Heilbroner
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The calculus of utility aims at supplying the ordinary wants of man at the least cost of labour.
— William Stanley Jevons
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