In 1866 Stanley Jevons predicted that economic growth would come to a halt when England ran out
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In 1866 Stanley Jevons predicted that economic growth would come to a halt when England ran out of coal, a doomsday that he reckoned would occur in the mid-1970s. How did we avert that projection? Will we avert an “oil crisis” in the same way?
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Over time England developed new technology and more efficient mining ...View the full answer
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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