Jevon's Paradox... Vetern's day Sales

According to Jevons’s paradox, when we increase the efficiency of the use of a resource, we decrease the demand for that resource, but in the long run the lower demand reduces price. This lowering in price then causes an increase in demand, and is this resource is energy then it is referred to Rebound effect. One example that I found was: “Let’s magically double the average fuel economy of America’s cars and trucks. Gasoline demand would drop immediately by 50%. This would affect the supply-demand equilibrium of gasoline, reducing its price significantly. However, with dramatically lower gas prices, many people would choose to drive more than they had in the past—this is the “rebound,” where some of the energy savings provided by gains in efficiency are negated by the corresponding effect on energy prices. Clearly, a 50% drop in gas prices won’t result in the average American doubling their driving, as would be required to completely negate the efficiency gains in this scenario.” http://www.theoildrum.com/node/2499
Another example I found in the article by jeff dardozzi’s Jevon’s,paradox on ERes. " improvements in efficiencies, such as with gas mileage or heating costs, invariably that savings has two effects. First, it decreases demand for an energy resource, which reduces the price of the resource. This then reveals a new layer of demand that, in turn, increases consumption of that resource.

There is so much emphasis on consumer spending because without the consumers there wouldn’t be a rebound effect. If consumers stop spending so much, then the decrease in price would result in the loss of the company producing the good or providing the service.

Sea of selves is what our society has become as described by filmmaker Adam Curtis.

This sea of selves means that everyone has become so selfish and that the corporate

world has become the survival of the fittest. The government and the corporate world

isn't thinking about the citizens and finding ways to help be a better nation. They

are looking ways to make themselves better off.



Bailey's nation of the civic and divine are the social aspects of our personalities. The civic alludes to

the set of rights, obligations and responsibilities that bind the

collective to the individual and vice versa. The divine alludes to the

notion of something greater than one's self and that the activities of the

collective are significant in relation to the world. jeff dardozzi’s

Jevon’s paradox on ERes. Jeff Dardozzi did a good job explaining the history of the paradox and how it effects the world today is so many different ways.

He mentions the topic of social norms, consumer demand and other nations that are on the rise of this demand.



Why this assignment due on Veteran's day?

I thought about it and read some blogs, I agree with with S. Soehl, and that it is ironic that the American public doesn't really understand the meaning of Vetern's day. 

And to them it is only another holiday that there is a sale and they can spend their money and purchase the good that they need.