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2023 | OriginalPaper | Buchkapitel

6. Energy Efficiency, Productivity and the Jevons Paradox

verfasst von : Estrella Trincado Aznar, José María Vindel

Erschienen in: Science, Technology and Innovation in the History of Economic Thought

Verlag: Springer Nature Switzerland

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Abstract

In this chapter, the Jevons paradox is studied in the context of the debate on the limits to Growth. This “Jevons paradox” is part of a more general criticism of William Stanley Jevons to classical economics. For Jevons, when the cost of production declines due to resource efficiency, the marginal utility of commodities that use the given resource declines, increasing directly the consumption of those commodities and indirectly the consumption of other commodities with which they are exchanged. Then, scientific progress and resource efficiency is not a good path to the lesser use of resources. Actually, as coal is a non-renewable energy resource, it may be depleted. Jevons’ line of thought led to new areas in economics that imply that economics cannot be fully split from other sciences. The chapter assesses the current importance of the Jevons paradox in the macroeconomic and the microeconomic level, looking at the relationship between economic growth and energy efficiency. Finally, the chapter comments on the energy policies proposed to avoid the rebound effect, with some concluding remarks on the evolution of the concept.

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Metadaten
Titel
Energy Efficiency, Productivity and the Jevons Paradox
verfasst von
Estrella Trincado Aznar
José María Vindel
Copyright-Jahr
2023
DOI
https://doi.org/10.1007/978-3-031-40139-8_6