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Gaudet, Gérard, « Théorie économique et prévision en économie des ressources naturelles », L’Actualité Economique 60: 3, 1984, pp. 271–279.
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Gray, Lewis C., “Rent under the Assumption of Exhaustibility”, Quarterly Journal of Economics 28: 3, 1914, pp. 466–489.
Hotelling, Harold, “The Economics of Exhaustible Resources”, Journal of Political Economy 39: 2, 1931, pp. 137–175.
Hull, Edward, The Coal-Fields of Great Britain: Their History, Structure, and Resources, 2th ed. (London, Edward Stanford, 1861).
Jevons, Herbert S., The British Coal Trade (London, London and Norwich Press, 1915).
Jevons, W. Stanley, Theory of Political Economy (London, MacMillan, 1871).
___, “On the probable exhaustion of our coal mines” in R. D. Collison Black (ed.), Papers and Correspondence of William Stanley Jevons, vol. 7 (London, MacMillan, 1868), pp. 28–35.
___, “On Coal” in R.D. Collison Black (ed.), Papers and Correspondence of William Stanley Jevons, vol. 7 (London, MacMillan, 1868), pp. 18–28.
___, The Coal Question. An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal Mines, 2th ed. (London, MacMillan, 1866).
___, The Coal Question. An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal Mines (London, MacMillan, 1865).
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___, “Ricardo on Exhaustible Resources, and the Hotelling Rule” in Aiko Ikeo & Heinz D. Kurz (ed.), A History of Economic Theory. Essays in Honour of Takashi Negishi (London, Routledge, 2009), pp. 68–79.
___, “Classical Economics and the Problem of Exhaustible Resources”, Metroeconomica 52: 3, 2001, pp. 282–296.
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___, “William Stanley Jevons’ The Coal Question (1865), beyond the Rebound Effect”, Ecological Economics 82, 2012, pp. 97–103.
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___, Principles of Economics (New York, MacMillan, 1911).
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Notes
Harold Hotelling, “The Economics of exhaustible resources”, Journal of Political Economy 39, 1931, pp. 137–175. See Maureen L. Cropper & Wallace E., Oates, “Environmental Economics : A Survey”, Journal of Economic Literature 30, 1992, pp. 675–740; Shantayanan Devarajan & Anthony C. Fisher, “Hotelling’s ‘Economics of Exhaustible Resources’: Fifty Years Later”, Journal of Economic Literature 19, 1981, pp. 65–73; Chennat Gopalakrishnan, “Classic papers in natural resource economics: an overview” in Classic Papers in Natural Resource Economics (London, MacMillan, 2000), pp. 1–10.
See Tim J. C. Robinson, “Classical foundations of the contemporary economic theory of non-renewable resources”, Resources Policy 6:4, 1980, pp. 278–289; Tim J. C. Robinson, Economic Theories of Exhaustible Resources (London & New York, Routledge, 1989).
Antoine Missemer, Les Économistes et la Fin des Energies Fossiles (1865-1931) (Paris, Classiques Garnier, 2017).
W. S. Jevons is considered as a major contributor to economics for his consumption theory, elaborated a few years later in Theory of Political Economy (W. Stanley Jevons, Theory of Political Economy (London, MacMillan, 1871)). On the influence of The Coal Question, see John K. Whitaker, “William Stanley Jevons” in Tiziano Raffaelli, Giacomo Becattini & Marco Dardi (eds.), The Elgar Companion to Alfred Marshall (Northampton, Edward Elgar Publishing, 2006), pp. 573–577; Michael V. White, “Where did Jevons’ energy come from?”, History of Economics Review 15, 1991, pp. 60–72.
General contributions in economic history sometimes address these questions for specific issues (e.g. growth, population). For instance, see Roderick Floud & Paul Johnson (ed), The Cambridge Economic History of Modern Britain, vol. 2 (Cambridge, Cambridge University Press, 2004).
See M. V. White, “Where did Jevons’ energy come from? », op. cit..
John Stuart Mill, Malt Duty, Parliamentary debates, House of Commons, Hansard, 17April 1866.
See for instance Edward Hull, The Coal-Fields of Great Britain: Their History, Structure, and Resources, 2nd ed. (London, Edward Stanford, 1861).
In 1789, the mining surveyor John Williams wrote: “The result of [my] investigation refutes by inference [an] erroneous opinion concerning coal, which I have often heard asserted with great confidence, viz. that coal is inexhaustible. That the fund of coal treasured up in the superficies of the globe, for the accommodation of society, is very great, I readily acknowledge; but that it is inexhaustible, in the proper sense of the word, I deny.” (John Williams, Natural History of the Mineral Kingdom (Edinburg, T. Ruddiman, 1789), pp. 158-159).
For a survey, se Rolf Peter Sieferle, The Subterranean Forest. Energy Systems and the Industrial Revolution (Cambridge, The White Horse Press, 2001).
W. Stanley Jevons, The Coal Question. An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal Mines, 2nd ed. (London, MacMillan, 1866), pp. v-vi.
For details, se Antoine Missemer, « La peur du déclin économique face à l’épuisement des ressources naturelles, de W. Stanley Jevons à Herbert S. Jevons (1865-1915) », Revue économique 66:5, 2015, pp. 825-842; Antonin Pottier, “L’Economie dans l’impasse climatique. développement matériel, théorie immatérielle et utopie auto-stabilisatrice” (PhD dissertation, EHESS, 2014), pp. 107-112.
W. S. Jevons, The Coal Question, op. cit., p. 75.
See for instance E. Hull, The Coal-Fields of Great Britain, op. cit. and J. Williams, Natural History of the Mineral Kingdom, op.cit..
Ibid., p. 242.
Ibid., p. 26.
See Blake Alcott, “Jevons’ paradox”, Ecological Economics 54, 2005, pp. 9–21; Brett Clark & John Bellamy Foster, “William Stanley Jevons and The Coal Question: An Introduction to Jevons’s ‘Of the Economy of Fuel’”, Organization & Environment 14, 2001, pp. 93–98; Antoine, Missemer, “William Stanley Jevons’ The Coal Question (1865), beyond the Rebound Effect”,, Ecological Economics, 82, 2012, pp. 97–103; Michel Robine, « La question charbonnière de William Stanley Jevons », Revue Economique 41:2, 1990, pp. 369–394.
W.S. Jevons, The Coal Question, op. cit., pp. 132-133, 136 & 316-317; W. Stanley Jevons, “On Coal” in R. D. Collison Black (ed.), Papers and Correspondence of William Stanley Jevons, vol.7 (London, MacMillan, 1867), pp. 18–28; W. Stanley Jevons, “On the Probable Exhaustion of Our Coal Mines” in ibid. pp. 28–35. Jevons does not use the term ‘rebound effect’, which was coined later, when Brookes and Khazzoom rediscovered Jevons’ intuition. See Len Brookes, “A Low Energy Strategy for the UK by G. Leach et al.: a Review and Reply”, Atom 269, 1979, pp. 3–8; Daniel Khazzoom, “Economic Implications of Mandated Efficiency in Standards for Household Appliances”, Energy Journal 1: 4, 1980, pp. 21–40.
See for instance Rücker Arthur W., « Coal as a Source of Power » in Coal: Its History and Uses, Thomas E. Thorpe (ed.), London, MacMillan, 1878, p. 258–291.
W. S. Jevons, “On the Probable Exhaustion of Our Coal Mines”, op. cit., p. 31.
W. S. Jevons, The Coal Question, op. cit., pp. 138‑168.
Ibid., pp. 246‑353.
Ibid., pp. 354‑369. See A. Missemer, « La peur du déclin économique face à l’épuisement des ressources naturelles, de W. Stanley Jevons à Herbert S. Jevons (1865-1915) », op. cit., pp. 836‑838.
See Sandra J. Peart, The Economics of W. S. Jevons (London, Routledge, 1996); Agnar Sandmo, “The Early History of Environmental Economics”, working-paper, 2014, pp. 1‑38.
W. S. Jevons, The Coal Question, op. cit., pp. 171‑173.
Ibid., p. 178.
This theory of land rent is attributed to Ricardo, but Turgot and Anderson preceded Ricardo with the same kind of reasoning (see Alain Béraud, « Ricardo, Malthus, Say et les controverses de la ‘seconde génération’ » in Alain Béraud & Gilbert Faccarello (eds.), Nouvelle Histoire de la Pensée Economique, tome 1 (Paris, La Découverte, 1992, pp. 365–508).
David Ricardo, The Principles of Political Economy and Taxation (London & New York, Dent & Dutton, 1821), chap. 3.
Ibid., p. 34.
Ibid., p. 46.
See Luigi Einaudi, La Rendita Mineraria (Torino, Unione Tipografico Editrice, 1900), p. 391; Lewis C. Gray, “Rent under the assumption of exhaustibility”, Quarterly Journal of Economics 28: 3, 1914, pp. 466–489; Alfred Marshall, Principles of Economics, 8th ed., (London, MacMillan, 1920), p.139f.
This is valid only if there is no technical obstacle to increase ore extraction in a given deposit. This assumption may seem unrealistic, but it is consistent with the Ricardian framework, in which an almost similar assumption is formulated for the (constant) fertility of each plot overtime (see Antoine Missemer, Les Économistes et la fin des Energies Fossiles (1865-1931), op. cit., chap. 3).
John Bates Clark, The Distribution of Wealth. A Theory of Wages, Interest and Profits (New York, MacMillan, 1899).
Alfred Marshall, Principles of Economics, op. cit..
Edmund K. Muspratt, “Preface” in Cornelius MacLeod Percy (ed.), Mine Rents and Mineral Royalties (Liverpool, Financial Reform Association, 1888), p. 1.
Cornelius MacLeod Percy, Mine Rents and Mineral Royalties (Liverpool, Financial Reform Association, 1888).
Under the assumption of non-erosion.
Alfred Marshall & Mary Paley, The Economics of Industry (London, MacMillan, 1879), p. 25.
Alfred Marshall, Industry and Trade, 4th ed. (London, MacMillan, 1923), p. 188.
William R. Sorley, “Mining Royalties and their Effect on the Iron and Coal Trades”, Journal of the Royal Statistical Society 52: 1, 1889, pp. 60–98.
See T. J. C. Robinson, Economic Theories of Exhaustible Resources, op. cit..
W. R. Sorley, “Mining Royalties and their Effect on the Iron and Coal Trades”, op. cit., p. 76.
See also Edward Cockburn, “The Strike in the Coal Trade - Mineral Royalties” in John Benson & Quentin Outram (eds.), Coal in Victorian Britain, part.1, vol.3 (London, Pickering & Chatto, 1885), pp. 73–74; C. M. Percy, Mine Rents and Mineral Royalties, op. cit., p. 29.
W. R. Sorley, “Mining Royalties and their Effect on the Iron and Coal Trades”, op. cit., p. 79.
As mentioned in the introduction, the political reactions to these theoretical debates and the role of economists in the design of British public policy would deserve attention, but are beyond the scope of the present article.
L. Einaudi, La Rendita Mineraria, op. cit., pp. 395‑407. “Pure theory” was the credo of many marginalist economists at the time, starting with Léon Walras. Einaudi explains (ibid., p. vii) that Enrico Barone played an important role for him, and Barone was such a marginalist economist. His correspondence with Walras started in 1894 (see Léon Walras, “Letter to Enrico Barone (Aug. 26th, 1894)” in William Jaffé (ed.), Correspondence of Léon Walras and Related Papers, vol.II (1884-1897) (Amsterdam, North-Holland Publishing Company, 1894), pp. 613–616).
Frank William Taussig, Principles of Economics (New York, MacMillan, 1911); Frank William Taussig, “Exhaustion of the Soil and the Theory of Rent”, Quarterly Journal of Economics 31: 2, 1917, pp. 345–348.
F. W. Taussig, Principles of Economics, op. cit., vol. 2, pp. 96-97.
Ibid., vol. 2, p. 92; F. W. Taussig, “Exhaustion of the Soil and the Theory of Rent”, op. cit., p. 347.
See for instance Herbert S. Jevons, The British Coal Trade (London, London and Norwich Press, 1915).
See Philippe Copinschi, Le Pétrole. Une Ressource Stratégique (Paris, La Documentation française, 2012); Alfred W. Flux, “Preface to the Third Edition”, in W. S. Jevons,, The Coal Question. An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of our Coal-Mines, 3rd ed. (New York, Augustus M. Kelley, 1952 [1906], pp. ix-xxviii).
F. W. Taussig, Principles of Economics, op. cit., vol. 1, p. viii, chap. 9, 10, 13, 19; vol. 2, chap. 38, 39, 48, 51.
See for instance John E. Orchard, “The Rent of Mineral Lands”, Quarterly Journal of Economics 36: 2, 1922, pp. 290–318; see also Gérard Gaudet, « Théorie économique et prévision en économie des ressources naturelles », L’actualité économique, 60: 3, 1984, pp. 271–279; Heinz D. Kurz & Neri Salvadori, “Exhaustible Resources. Rents, Profits, Royalties and Prices” in Volker Caspari (ed.), The Evolution of Economic Theory. Essays in Honour of Bertram Schefold (London, Routledge, 2011), pp. 39–52; Heinz D. Kurz & Neri Salvadori, “Ricardo on Exhaustible Resources, and the Hotelling Rule” in Aiko Ikeo & Heinz D. Kurz (eds.), A History of Economic Theory. Essays in Honour of Takashi Negishi (London, Routledge, 2009), pp. 68–79; Heinz D. Kurz & Neri Salvadori, “Classical Economics and the Problem of Exhaustible Resources”, Metroeconomica 52: 3, 2001, pp. 282–296; Quentin Outram, “Introduction” in John Benson & Quentin Outram (eds.), Coal in Victorian Britain, part. 1, vol. 3 (London, Pickering & Chatto, 2012), pp. xi–xix.
Antoine Missemer, Les Économistes et la fin des Energies Fossiles (1865-1931), op. cit., chap. 3.
For complementary views, see Erhun Kula, History of Environmental Economic Thought (London, Routledge, 1998); Antoine Missemer, Les Économistes et la fin des énergies fossiles (1865-1931), op. cit.; Antoine, Missemer, “Natural Capital as an Economic Concept, History and Contemporary Issue”s, Ecological Economics 143, 2018, pp. 90–96.
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