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An 1865 economic study of coal explains why bankers and financial firms will pay more for IT and resource companies will pay less

Michael Allan McCrae | June 09, 2012 | 5:11 pm Energy Europe Coal 

William Jevons, a British economist, was looking at his country's dwindling coal supplies in the mid-1800s and was asked if increased efficiency in burning coal would lead to longer mine life. Jevons discovered increased efficiency had the opposite effect: increased efficiency of...

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