In 1865, William Stanley Jevons first described a paradox. He maintained that more efficient steam engines would not decrease the use of coal in British factories but would actually increase it. As ...
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What Is ‘Jevons Paradox’ and Why Was Microsoft’s CEO Posting About It Late at Night?
A late-night post on X from Microsoft CEO Satya Nadella on an economic concept known as Jevons Paradox sought to counter ...
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