#jevons_paradox
Jevons paradox
Efficiency leads to increased demand
In economics, the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used, but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced. Governments, both historical and modern, typically expect that energy efficiency gains will lower energy consumption, rather than expecting the Jevons paradox.
Tue 10th
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