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by danuker
1661 days ago
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> Jevons observed that England's consumption of coal soared after James Watt introduced the Watt steam engine, which greatly improved the efficiency of the coal-fired steam engine from Thomas Newcomen's earlier design. This is good, I believe efficient use of resources is key to a better standard of living. But all externalities should be priced-in: the cost of pollution should be paid to the people suffering from it. |
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