What paradox is Jevons known for?
The Smith Paradox
The Ricardo Paradox
The Malthus Paradox
The Jevons Paradox
Answer
The Jevons Paradox states that technological advancements designed to increase resource efficiency lead to increased overall resource consumption. Paradoxically, as energy and resource efficiency improves, it becomes cheaper to use resources, leading to greater demand and even higher overall consumption. This phenomenon challenges the assumption that technological progress alone can resolve environmental issues and emphasizes the need for systemic and behavioral changes to promote sustainability.
Unlocking the Genius of William Stanley Jevons: A Voyage Through Economic Thought and Logical Mastery
More Questions
What was Jevons' view on coal consumption in Britain?
Which of Jevons' works discusses the ecological perspective on the economy?
What was the title of Jevons' work related to gold's value?
Which field did Jevons break off his studies in London to work in Australia?
When did Jevons publish “Theory of Political Economy”?
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