One minute
AI and the Jevons paradox
In his book “The Coal Question” (1865), British economist William Stanley Jevons demonstrates that when technological progress increases the efficiency of a resource, it paradoxically leads to higher overall consumption of that resource due to increased demand, rather than a reduction. In Jevons’s time, this resource was coal, but today, with the advancement of AI, the Jevons Paradox can also apply to human intelligence, as the resource for which demand is rising.
72 Words
12-14-2024, 01:00