The Jevons Paradox of Judgment

The Jevons Paradox of Judgment In 1865, a British economist named William Stanley Jevons published a book called The Coal Question, and in it he made an argument that his contemporaries found hard to swallow. The more efficiently a steam engine used coal, he wrote, the more coal Britain would burn. He was not predicting restraint. He was... Weiterlesen: The Jevons Paradox of Judgment