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Jevons paradox

Index Jevons paradox

In economics, the Jevons paradox (sometimes Jevons effect) occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises because of increasing demand. [1]

54 relations: California Energy Commission, Capital accumulation, Coal, Consumption (economics), Cost, Demand, Downs–Thomson paradox, Ecological economics, Ecological Economics (journal), Economic growth, Ecotax, Efficiency, Efficient energy use, Electrical efficiency, Emission standard, Emissions trading, Energy conservation, England, Environmental economics, Environmentalist, Factors of production, Fossil fuel, Fuel tax, Goods and services, House of Lords, Industrial Revolution, James Watt, Law of demand, Long run and short run, Maclean's, Macmillan Publishers, Macroeconomics, Mathis Wackernagel, Microeconomics, Natural capital, Peak oil, Price elasticity of demand, Quality of life, Ramsey–Cass–Koopmans model, Rebound effect (conservation), Resource consumption, Steam engine, Sustainability, Sustainable energy, Technological change, The Coal Question, The New Yorker, Thomas Newcomen, United Kingdom Atomic Energy Authority, Water footprint, ..., Watt steam engine, William E. Rees, William Stanley Jevons, World energy consumption. Expand index (4 more) »

California Energy Commission

The California Energy Commission, formally the Energy Resources Conservation and Development Commission, is California’s primary energy policy and planning agency.

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Capital accumulation

Capital accumulation (also termed the accumulation of capital) is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains.

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Coal

Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams.

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Consumption (economics)

Consumption is the process in which consumers (customers or buyers) purchase items on the market.

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Cost

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

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Demand

In economics, demand is the quantities of a commodity or a service that people are willing and able to buy at various prices, over a given period of time.

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Downs–Thomson paradox

The Downs–Thomson paradox (named after Anthony Downs and John Michael Thomson), also known as the Pigou–Knight–Downs paradox (after Arthur Cecil Pigou and Frank Knight), states that the equilibrium speed of car traffic on a road network is determined by the average door-to-door speed of equivalent journeys taken by public transport.

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Ecological economics

Ecological economics (also called eco-economics, ecolonomy or bioeconomics of Georgescu-Roegen) is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially.

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Ecological Economics (journal)

Ecological Economics is a peer-reviewed academic journal published by Elsevier on behalf of the International Society for Ecological Economics.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Ecotax

An Ecotax (short for ecological taxation) is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly activities via economic incentives.

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Efficiency

Efficiency is the (often measurable) ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result.

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Efficient energy use

Efficient energy use, sometimes simply called energy efficiency, is the goal to reduce the amount of energy required to provide products and services.

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Electrical efficiency

The efficiency of an entity (a device, component, or system) in electronics and electrical engineering is defined as useful power output divided by the total electrical power consumed (a fractional expression), typically denoted by the Greek small letter eta (η – ήτα).

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Emission standard

Emission standards are the legal requirements governing air pollutants released into the atmosphere.

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Emissions trading

Emissions trading, or cap and trade, is a government, market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

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Energy conservation

Energy conservation is the effort made to reduce the consumption of energy by using less of an energy service.

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England

England is a country that is part of the United Kingdom.

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Environmental economics

Environmental economics is a sub-field of economics that is concerned with environmental issues.

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Environmentalist

An environmentalist is a supporter of the goals of the environmental movement, "a political and ethical movement that seeks to improve and protect the quality of the natural environment through changes to environmentally harmful human activities".

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Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

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Fossil fuel

A fossil fuel is a fuel formed by natural processes, such as anaerobic decomposition of buried dead organisms, containing energy originating in ancient photosynthesis.

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Fuel tax

A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel.

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Goods and services

Goods are items that are tangible, such as pens, salt, apples, oganesson, and hats.

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House of Lords

The House of Lords of the United Kingdom, also known as the House of Peers, is the upper house of the Parliament of the United Kingdom.

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Industrial Revolution

The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840.

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James Watt

James Watt (30 January 1736 (19 January 1736 OS) – 25 August 1819) was a Scottish inventor, mechanical engineer, and chemist who improved on Thomas Newcomen's 1712 Newcomen steam engine with his Watt steam engine in 1781, which was fundamental to the changes brought by the Industrial Revolution in both his native Great Britain and the rest of the world.

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Law of demand

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded increases (↑)".

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Long run and short run

In microeconomics, the long run is the conceptual time period in which there are no fixed factors of production, so that there are no constraints preventing changing the output level by changing the capital stock or by entering or leaving an industry.

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Maclean's

Maclean's is a Canadian news magazine that was founded in 1905, reporting on Canadian issues such as politics, pop culture, and current events.

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Macmillan Publishers

Macmillan Publishers Ltd (occasionally known as the Macmillan Group) is an international publishing company owned by Holtzbrinck Publishing Group.

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Macroeconomics

Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.

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Mathis Wackernagel

Mathis Wackernagel is a Swiss-born sustainability advocate.

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Microeconomics

Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

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Natural capital

Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms.

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Peak oil

Peak oil is the theorized point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.

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Price elasticity of demand

Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.

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Quality of life

Quality of life (QOL) is the general well-being of individuals and societies, outlining negative and positive features of life.

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Ramsey–Cass–Koopmans model

The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans.

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Rebound effect (conservation)

In conservation and energy economics, the rebound effect (or take-back effect, RE) is the reduction in expected gains from new technologies that increase the efficiency of resource use, because of behavioral or other systemic responses.

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Resource consumption

Resource consumption is about the consumption of non-renewable, or less often, renewable resources.

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Steam engine

A steam engine is a heat engine that performs mechanical work using steam as its working fluid.

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Sustainability

Sustainability is the process of change, in which the exploitation of resources, the direction of investments, the orientation of technological development and institutional change are all in harmony and enhance both current and future potential to meet human needs and aspirations.

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Sustainable energy

Sustainable energy is energy that is consumed at insignificant rates compared to its supply and with manageable collateral effects, especially environmental effects.

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Technological change

Technological change (TC), technological development, technological achievement, or technological progress is the overall process of invention, innovation and diffusion of technology or processes.

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The Coal Question

The Coal Question; An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal Mines (1865) was a book by economist William Stanley Jevons that explored the implications of Britain's reliance on coal.

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The New Yorker

The New Yorker is an American magazine of reportage, commentary, criticism, essays, fiction, satire, cartoons, and poetry.

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Thomas Newcomen

Thomas Newcomen (February 1664 – 5 August 1729) was an English inventor who created the first practical steam engine in 1712, the Newcomen atmospheric engine.

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United Kingdom Atomic Energy Authority

The United Kingdom Atomic Energy Authority (UKAEA) is a UK government research organisation responsible for the development of nuclear fusion power.

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Water footprint

The water footprint shows the extent of water use in relation to consumption by people.

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Watt steam engine

The Watt steam engine (alternatively known as the Boulton and Watt steam engine) was the first type of steam engine to make use of a separate condenser.

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William E. Rees

William Rees, FRSC (born December 18, 1943), is a professor at the University of British Columbia and former director of the School of Community and Regional Planning (SCARP) at UBC.

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William Stanley Jevons

William Stanley Jevons FRS (1 September 1835 – 13 August 1882) was an English economist and logician.

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World energy consumption

World energy consumption is the total energy used by the entire human civilization.

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Redirects here:

Jevon's Paradox, Jevon's paradox, Jevons Paradox, Jevons effect, Jevons' Paradox, Jevons' paradox, Jevons's paradox, Rebound Effect (conservation), Rebound effect (green marketing), Waste homeostasis.

References

[1] https://en.wikipedia.org/wiki/Jevons_paradox

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