Tag: Jevons
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The Jevons Effect and the Rise of Large Language Models: A Modern Paradox
When Efficiency Fuels Consumption In the bustling coal mines of 19th century England, economist William Stanley Jevons made a perplexing observation. As steam engines became more efficient, coal consumption skyrocketed instead of declining. This counterintuitive phenomenon, later dubbed the Jevons Effect or Jevons Paradox, has echoed through history, resurfacing in unexpected places. Today, we find…