Herbert Stanley Jevons

In 1931, Jevons published his hypothesis that the advanced industrial countries of the world were at that time experiencing a second industrial revolution whereby the way secondary industries were organised was being transformed by he use of inductive methods in the study of industry, both at an overall and individual level. This gathering of facts and their application in developing planning processes, he argued, would transform society in a way comparable to the first industrial revolution. He predicted differences in how economic planning would be transformed depending on whether this planning was carried out on the basis of free competition or monopoly and in the latter case whether this was in the context of private or public ownership.^[8]

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