Over at the Boston Globe, an editorial o…

Over at the Boston Globe, an editorial on why the recently raise CAFE standards (mandating 42 MPG cars by 2016) is doomed to failure. In essence, it’s thanks to the Jevons paradox:

In economics, the Jevons Paradox (sometimes called the Jevons effect) is the proposition that technological progress that increases the efficiency with which a resource is used, tends to increase (rather than decrease) the rate of consumption of that resource.

The name of the paradox comes from William Stanley Jevons in his 1865 book about coal. This is not a new problem. So why are we still using broken solutions?