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Jevons' Paradoxes

- William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics
Af: Kent Klitgaard Engelsk Paperback

Jevons' Paradoxes

- William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics
Af: Kent Klitgaard Engelsk Paperback
Tjek vores konkurrenters priser
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. 

In spite of this apparent contradiction, in this book biophysical economist Kent Klitgaard makes clear that there is no epistemological break between The Coal Question and Theory of Political Economy. Indeed, the Jevons paradox makes little sense in the absence of a behavioral theory grounded in marginal utility, which recognizes the satisfaction that each of us gains as consumers of one more unit of a good or service. Jevons could not solve this paradox in light of his belief that coal mines were becoming exhausted and more expensive to operate, and that there was no substitute for coal. However, he was uninterested in questions of sustainability; rather, he wanted to maintain British industrial and imperial dominance. Did the eventual substitution of oil for coal simply allow us to run through other resources at an accelerated rate? Indeed, the petroleum economy of the 20th and early 21st centuries has presented vastly expanded opportunities for the operation of the Jevons Paradox. This book shows the connections among the different paradoxes in Jevons'' work, and exposes the potentially fatal flaws that confound technological solutions to the sustainability challenge.
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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. 

In spite of this apparent contradiction, in this book biophysical economist Kent Klitgaard makes clear that there is no epistemological break between The Coal Question and Theory of Political Economy. Indeed, the Jevons paradox makes little sense in the absence of a behavioral theory grounded in marginal utility, which recognizes the satisfaction that each of us gains as consumers of one more unit of a good or service. Jevons could not solve this paradox in light of his belief that coal mines were becoming exhausted and more expensive to operate, and that there was no substitute for coal. However, he was uninterested in questions of sustainability; rather, he wanted to maintain British industrial and imperial dominance. Did the eventual substitution of oil for coal simply allow us to run through other resources at an accelerated rate? Indeed, the petroleum economy of the 20th and early 21st centuries has presented vastly expanded opportunities for the operation of the Jevons Paradox. This book shows the connections among the different paradoxes in Jevons'' work, and exposes the potentially fatal flaws that confound technological solutions to the sustainability challenge.
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Produktdetaljer
Sprog: Engelsk
Sider: 120
ISBN-13: 9783030935887
Indbinding: Paperback
Udgave:
ISBN-10: 3030935884
Kategori: Miljøøkonomi
Udg. Dato: 18 jan 2022
Længde: 0mm
Bredde: 155mm
Højde: 235mm
Forlag: Springer Nature Switzerland AG
Oplagsdato: 18 jan 2022
Forfatter(e): Kent Klitgaard
Forfatter(e) Kent Klitgaard

Kategori Miljøøkonomi

ISBN-13 9783030935887

Sprog Engelsk

Indbinding Paperback

Sider 120

Udgave

Længde 0mm

Bredde 155mm

Højde 235mm

Udg. Dato 18 jan 2022

Oplagsdato 18 jan 2022

Forlag Springer Nature Switzerland AG

Kategori sammenhænge