4 ms·

How so? I don't really see the similarity

• brownbat 10y ago
  Both describe unexpected effects when trying to extrapolate from price and quantity involved in individual use cases. Jevons: Quantity required per use goes down, so you might expect total demand to decrease. Instead total consumption goes up. Giffen: Price per use goes up, so you might expect total demand to decrease. Instead, total consumption goes up. Either could increase consumption by displacing available substitutes, though that's not necessarily the case with Jevons. They are indeed different phenomena, they just have some similarities.
  • nannal 10y ago
    And now with both of those things Baader-Meinhof is going to be triggering every hour for the next month at least
    • wolfgke 10y ago
      > And now with both of those things Baader-Meinhof is going to be triggering You know that Andreas Baader and Ulrike Meinhof were the main founders of the terrorist organization RAF (Rote Armee Fraktion (Red Army Fraction)) in Germany. RAF was also the reason that grid investigation was used in the 70th (where lots of innocent people were accused wrongfully) after a RAF terror series, after which some constitutional principles were quashed. The German word for this is "Deutscher Herbst" (German Autumn; https://en.wikipedia.org/wiki/German_Autumn https://en.wikipedia.org/wiki/German_Autumn). These experiences lead (indirectly) to the rise of a completely new party (Die Grünen; The Green Party) and are (besides the experiences with the two dictatorial regimes on German ground in 20th century) one of the reason why data privacy is taken very seriously in Germany. Thus mentioning RAF, Andreas Baader or Ulrike Meinhof to (in particular older) Germans is perhaps like mentioning Al-Kaida, 9/11, Mohammed Atta etc. to US citizens.
      • nannal 10y ago
        So triggering^2