Mathematical Economics

William Stanley Jevons was an English economist and logician. In Brief Account of a General Mathematical Theory of Political Economy, which is essentially a condensed version of his most important piece of work, The Theory of Political Economy, first published in 1850, Javons discusses the marginal utility theory of value, pushing economic thought into the modern era. This piece is a must for both budding young mathematicians and aspiring economists with an interest in the recent history of their fields.

How do mathematical models shape our world - and how can we harness their power for good? Models are at the centre of everything we do. Whether we use them or are simply affected by them, they act as metaphors that help us better understand the increasingly complex problems facing us in the...