Jevons paradox
E530102
Jevons paradox is an economic observation that increased efficiency in using a resource can lead to higher overall consumption of that resource rather than a reduction.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Jevons paradox canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T5525310 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Jevons paradox Context triple: [William Stanley Jevons, notableFor, Jevons paradox]
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A.
Kaldor–Verdoorn law
The Kaldor–Verdoorn law is an economic principle that posits a positive relationship between the growth of output and the growth of labor productivity, often used to explain cumulative and self-reinforcing processes in industrial growth.
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B.
limits to growth
Limits to Growth is a seminal 1972 report and concept in systems thinking that models how exponential economic and population growth can exceed the planet’s finite resources, leading to potential ecological and societal collapse.
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C.
The Entropy Law and the Economic Process
The Entropy Law and the Economic Process is a foundational work in ecological economics that applies the concept of entropy from thermodynamics to critique conventional economic theory and highlight the physical limits to economic growth.
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D.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
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E.
Pareto efficiency
Pareto efficiency is an economic concept describing an allocation of resources where no individual can be made better off without making someone else worse off.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Jevons paradox Target entity description: Jevons paradox is an economic observation that increased efficiency in using a resource can lead to higher overall consumption of that resource rather than a reduction.
-
A.
Kaldor–Verdoorn law
The Kaldor–Verdoorn law is an economic principle that posits a positive relationship between the growth of output and the growth of labor productivity, often used to explain cumulative and self-reinforcing processes in industrial growth.
-
B.
limits to growth
Limits to Growth is a seminal 1972 report and concept in systems thinking that models how exponential economic and population growth can exceed the planet’s finite resources, leading to potential ecological and societal collapse.
-
C.
The Entropy Law and the Economic Process
The Entropy Law and the Economic Process is a foundational work in ecological economics that applies the concept of entropy from thermodynamics to critique conventional economic theory and highlight the physical limits to economic growth.
-
D.
Hicks–Kaldor compensation criterion
The Hicks–Kaldor compensation criterion is an economic efficiency test stating that a policy change is desirable if those who gain could in principle compensate those who lose and still be better off, regardless of whether compensation actually occurs.
-
E.
Pareto efficiency
Pareto efficiency is an economic concept describing an allocation of resources where no individual can be made better off without making someone else worse off.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic concept
ⓘ
paradox ⓘ rebound effect ⓘ |
| appliesTo |
electricity consumption
ⓘ
energy consumption ⓘ fossil fuel consumption ⓘ raw material use ⓘ transportation fuel use ⓘ water use ⓘ |
| assumes | price elasticity of demand for the resource is significant ⓘ |
| category |
economic paradox
ⓘ
environmental paradox ⓘ |
| clarification |
does not say efficiency must increase consumption in every case
ⓘ
requires sufficiently strong rebound for total consumption to rise above baseline ⓘ |
| concerns | aggregate or economy-wide resource use ⓘ |
| contrastsWith | engineering expectations of reduced consumption from efficiency ⓘ |
| coreIdea |
efficiency improvements can lower effective cost of resource use and stimulate demand
ⓘ
increased efficiency in using a resource can lead to higher total consumption of that resource ⓘ technological progress can increase, rather than decrease, aggregate resource use ⓘ |
| debatedIn |
climate policy discussions
ⓘ
sustainable development debates ⓘ |
| describes | relationship between efficiency and resource consumption ⓘ |
| field |
economics
ⓘ
energy economics ⓘ environmental economics ⓘ resource economics ⓘ |
| firstDiscussedIn | The Coal Question NERFINISHED ⓘ |
| firstDiscussedYear | 1865 ⓘ |
| firstFormulatedBy | William Stanley Jevons NERFINISHED ⓘ |
| historicalExample | coal consumption in 19th century Britain ⓘ |
| implication |
climate and energy policy may require caps or pricing in addition to efficiency
ⓘ
efficiency policies alone may not reduce total resource use ⓘ technological efficiency gains can undermine conservation goals if demand is unconstrained ⓘ |
| influences |
arguments about limits to growth
ⓘ
debates on decoupling economic growth from emissions ⓘ design of energy efficiency policies ⓘ |
| mechanism |
economic growth enabled by efficiency increases total scale of activity
ⓘ
efficiency lowers effective price per unit of service ⓘ lower effective price increases demand for the service ⓘ |
| namedAfter | William Stanley Jevons NERFINISHED ⓘ |
| oftenMisinterpretedAs | claim that efficiency is always bad ⓘ |
| relatedConcept |
backfire effect
ⓘ
decoupling of growth and resource use ⓘ demand elasticity ⓘ energy efficiency ⓘ green growth ⓘ induced demand ⓘ rebound effect ⓘ |
How these facts were elicited
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Subject: Jevons paradox Description of subject: Jevons paradox is an economic observation that increased efficiency in using a resource can lead to higher overall consumption of that resource rather than a reduction.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.