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Cover: 9783030935887 | Jevons' Paradoxes | Kent Klitgaard | Taschenbuch | xviii | Englisch
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Jevons' Paradoxes
William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics
Taschenbuch von Kent Klitgaard
Sprache: Englisch

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Beschreibung
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.
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.
Über den Autor
Kent Klitgaard is a Professor Emeritus of Economics and Sustainability at Wells College, having just retired from a thirty-year teaching career.

Kent is the co-author, in collaboration with Charlie Hall, of Energy and the Wealth of Nations, co-founder of the International Society of Biophysical Economics, and a board member of the Biophysical Economics Institute. He is the proud father of two adult children who have eschewed the corporate road to wealth in order to do good for the world.

Zusammenfassung

Uses Jevons' multiple paradoxes to develop an economic theory appropriate to the end of the fossil fuel era

Analyzes sustainability within the framework of Jevons' paradoxes

Explains why technological solutions alone are unlikely to meet the sustainability challenge

Inhaltsverzeichnis
Good Jevons, Bad Jevons: William Stanley Jevons and the Roots of Neoclassical and Biophysical Economics.- Jevons the Empiricist: Gold; Coal; and Sunspots.- Jevons the Theorist: The Theory of Political Economy and the Roots of Neoclassical Economics.- Energy, Labor, and the Industrial Revolution.- Conclusion: Jevons' Many Paradoxes and Thoughts for the Future.
Details
Erscheinungsjahr: 2022
Fachbereich: Kraftwerktechnik
Genre: Mathematik, Medizin, Naturwissenschaften, Technik
Rubrik: Naturwissenschaften & Technik
Medium: Taschenbuch
Inhalt: xviii
120 S.
10 s/w Illustr.
1 farbige Illustr.
120 p. 11 illus.
1 illus. in color.
ISBN-13: 9783030935887
ISBN-10: 3030935884
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Klitgaard, Kent
Auflage: 1st edition 2022
Hersteller: Springer Nature Switzerland
Springer International Publishing
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 8 mm
Von/Mit: Kent Klitgaard
Erscheinungsdatum: 18.01.2022
Gewicht: 0,224 kg
Artikel-ID: 120831443
Über den Autor
Kent Klitgaard is a Professor Emeritus of Economics and Sustainability at Wells College, having just retired from a thirty-year teaching career.

Kent is the co-author, in collaboration with Charlie Hall, of Energy and the Wealth of Nations, co-founder of the International Society of Biophysical Economics, and a board member of the Biophysical Economics Institute. He is the proud father of two adult children who have eschewed the corporate road to wealth in order to do good for the world.

Zusammenfassung

Uses Jevons' multiple paradoxes to develop an economic theory appropriate to the end of the fossil fuel era

Analyzes sustainability within the framework of Jevons' paradoxes

Explains why technological solutions alone are unlikely to meet the sustainability challenge

Inhaltsverzeichnis
Good Jevons, Bad Jevons: William Stanley Jevons and the Roots of Neoclassical and Biophysical Economics.- Jevons the Empiricist: Gold; Coal; and Sunspots.- Jevons the Theorist: The Theory of Political Economy and the Roots of Neoclassical Economics.- Energy, Labor, and the Industrial Revolution.- Conclusion: Jevons' Many Paradoxes and Thoughts for the Future.
Details
Erscheinungsjahr: 2022
Fachbereich: Kraftwerktechnik
Genre: Mathematik, Medizin, Naturwissenschaften, Technik
Rubrik: Naturwissenschaften & Technik
Medium: Taschenbuch
Inhalt: xviii
120 S.
10 s/w Illustr.
1 farbige Illustr.
120 p. 11 illus.
1 illus. in color.
ISBN-13: 9783030935887
ISBN-10: 3030935884
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Klitgaard, Kent
Auflage: 1st edition 2022
Hersteller: Springer Nature Switzerland
Springer International Publishing
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 235 x 155 x 8 mm
Von/Mit: Kent Klitgaard
Erscheinungsdatum: 18.01.2022
Gewicht: 0,224 kg
Artikel-ID: 120831443
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