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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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 30, 2018 03:34 AM

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In 1866 Stanley Jevons predicted that economic growth would come to a halt when England ran out

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Over time England developed new technology and more efficient mining ...View the full answer

The Macro Economy Today

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