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by MaxBarraclough
1966 days ago
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> As the number of elephants declines, tusks become rare. Rarity pushes prices up. High prices make hunters excited about how much money they can make if they find an elephant. So they work overtime. Then fewer elephants remain, tusk prices rise even more, more hunters catch on, they work triple-time, on and on until the number of hunters explodes as everyone chases the last herd of elephants This is almost the opposite of Jevon's Paradox: > the Jevons paradox occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises due to increasing demand. https://en.wikipedia.org/wiki/Jevons_paradox |
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but the hunter that figure out how to farm elephants will be even richer. So the problem becomes one of technological breakthru coming first, or extinction coming first.