"Technological change can raise the efficiency of resource use, but it also tends to raise both per capita resource consumption and the scale of resource extraction, so that, absent policy effects, the increases in consumption often compensate for the increased efficiency of resource use."
That's what I'm thinking, stuck half a mile up in a Houston hotel room watching the Arsenal game eyeing up the Ardbeg.
Sunday, 16 March 2014
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jevon's law
ReplyDelete…and the law of value...
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