Abstract

Abstract. Following Jaffé's 1976 argument, the effort to de‐homogenize Jevons, Walras, and Menger may have obscured some key similarities between Jevons and Menger. The article argues that Jevons's view of human behavior is more complex than has been allowed, and has much in common with Menger's predisposition for process, uncertainty, mistakes, and the significance of time in decision making. Some of the key features of the Mengerian economic being, features that have often been used to portray him as the “odd man out” among the triumvirate, also characterize Jevons's decision makers. For both Menger and Jevons, the decision maker is plagued by error, indecision, and information gaps.

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