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I recently learned about 'Jevons Paradox': >In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the e
by broguinn 4y ago
I recently learned about 'Jevons Paradox':
>In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological progress could not be relied upon to reduce fuel consumption.
Which is a criticism, it seems, for any system that values resource attribution over efficiency.
- fvrghl 4y agoIs that basically the same as induced demand? https://en.wikipedia.org/wiki/Induced_demand https://en.wikipedia.org/wiki/Induced_demand
- broguinn 4y agoI very cursory read seems to say yes. The biggest difference I see is that Jevons paradox is paradoxical because of the intent to increase efficiency (eg. make pages load faster, reduce the amount of coal needed, etc).