Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Jevons' Paradoxes: William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics

Jevons' Paradoxes: William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics

Klitgaard, Kent

Paperback

Business GeneralEconomicsEnvironmental Studies

ISBN10: 3030935884
ISBN13: 9783030935887
Publisher: Springer
Published: Jan 18 2022
Pages: 120
Weight: 0.45
Height: 0.30 Width: 6.14 Depth: 9.21
Language: English
I​n 1865, economist William Stanley Jevons published The Coal Question, describing the crucial role that coal played in British economic development. Here, he enunciated what has come to be known as the Jevons paradox, which stated that improvements in resource efficiency leads to greater resource use as the expansion of scale occasioned by lower operating costs overwhelms the savings due to greater efficiency. The implications for any sustainability scenario are enormous and a major theme of this book. While The Coal Question provided the theory that was a precursor to peak oil and resource limits to growth, it was followed six years later by the Theory of Political Economy, the first English-language work of neoclassical economics, which denies the importance of energy as a special commodity.

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