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Good Jevons, Bad Jevons: William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics Read chapter Read first chapter

2022 | OriginalPaper | Chapter

2. Jevons the Empiricist: Gold; Coal; and Sunspots

Author : Kent Klitgaard

Published in: Jevons' Paradoxes

Publisher: Springer International Publishing

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Abstract

Soon after the presentation of his paper on economic theory before the British Association Jevons turned to empirical work, publishing papers, pamphlets, and books on subjects that included a meteorological explanation of business cycles, the price of gold, and the probable exhaustion of British coal mines. His work on The Coal Question was his most significant and well-received work. This chapter focuses on the details of Jevons' argument from his geological observations of the conditions of coal mining to the economics and social effects of the depletion of the energy source that powered the industrial revolution. Jevons also paid special attention to inventions and technologies such as improved steam engines, superior iron furnaces, and revolutions in transportation enabled by the use of coal. the chapter will also focus on Jevons' famous paradox and offer analysis and explanation as to why improvements in energy efficiency lead to greater resource use.

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previous chapter Good Jevons, Bad Jevons: William Stanley Jevons and the Roots of Biophysical and Neoclassical Economics
next chapter Jevons the Theorist: The Theory of Political Economy and the Roots of Neoclassical Economics
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Metadata
Title
Jevons the Empiricist: Gold; Coal; and Sunspots
Author
Kent Klitgaard
Copyright Year
2022
Book
Jevons' Paradoxes

Print ISBN: 978-3-030-93588-7

Electronic ISBN: 978-3-030-93589-4

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-030-93589-4_2