Jevons paradox

English

Etymology

Named after English economist William Stanley Jevons.

Pronunciation

/ˈdʒɛvənz paɹədɒks/

Proper noun

Jevons paradox

  1. (economics) The proposition that technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.

Synonyms
  • Jevons effect
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