Steady State/ Jevon's

JEVON'S summary

This article was about how our production of oil and coal changing for the worse part. William Jevon's belived that the use of fuel makes things more efficient. Oil was in high demand when Jevon's law was coming into effect. The more we use these fuels the higher the demand the will, causing the prices to rise. Sooner or later, they will be to expensive for us to afford. People need to be aware of this problem and change there dependency on these fuels slightly.

Steady State summary

Right now our economy is at a serious low. The article explains how our Earth does not have many more resources to give our economy. We are trying so hard to grow, and better our economy but we just end up losing more money, digging our grave even deeper. The article mentions the ten point policy that is meant to help us work through these tough economic times.

ANSWERS TO QUESTIONS

1. Jevon's main concern wasnt about running out of coal, but it was our dependency on fossil fuels, and how our lives will be at a stand still if we were to ever run out.

2. Daly's comparison of an airplane to a helicopter relates to a growing economy and a steady state economy. He basically is saying we are aware of the bad economic times we are in right now, but we can't just stop the way were living and try to change it all at once. It will take time.

UNKNOWN WORDS

1. Allocation-distribute according to a plan or set apart for a special purpose.
2.Frugality- the practice of acquiring goods and services in a restrained manner
3. Subsidies-is a form of financial assistance paid to a business or economic sector.


UNKNOWN QUESTIONS

1. Is there any way to change a steady state economy?
2.How will we all live, if we were to ever run out of fossil fuels?