The Austrian school is best known for its microeconomics and, in particular, for its role in the marginalist revolution. In the early 1870s, Carl Menger, along with French economist Léon Walras and English economist William Stanley Jevons, reoriented value theory by calling attention to the marginal unit of a good as key to our understanding the determination of the good’s market price. With ma...

Sustainability, climate change, and transition risks are on the global agenda. However, achieving sustainability, change mitigation, technological advancements punctuated by environmental social casualties not often articulated in public discourse. This viewpoint seeks to caution that while attempting deal with risks, we should be oblivious resultant implications of sustainable technologies inn...

Taking a long-run historical perspective, we analyze how debates about energy efficiency have evolved in the economic literature since mid-19th century. We distinguish three periods: classical age, focused on rebound effect, from Jevons 1860s to American institutionalism mid-20th century; modern marked by rise of gap concept, 1970s 1990s; contemporary early 2000s onwards, concept performance ga...

Greater energy conservation, continued increases in productivity and real wages, and sustained economic growth are goals pursued today by almost all national governments. Since the 1973 OPEC energy price increases, however, disappointing economic trends in the United States, Canada and elsewhere have focused attention on the extent to which these goals are compatible. In particular, the post-19...

In contrast to the original investigation by William Stanley Jevons, compensations of energy savings due to improved energy efficiency are mostly analyzed by providing energy consumption or greenhouse gas emissions. In support of a sustainable resource management, this paper analyzes so-called rebound effects based on resource use. Material flows and associated expenditures by households allow ...

This paper is an exploratory analysis of the role that banks play in supporting what Jevons called the mechanism of exchange. It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of entrepreneurial trading firms. Collectively these firms play the part of the Walrasian auctioneer, matching buyers with sellers and helping the econo...

The objective of green logistics has thus far failed. For example, the share of greenhouse gas emissions by the transportation and logistics sector in Europe rose from 16.6% in 1990 to 24.3% in 2012. This article analyzes the reasons behind this failure by drawing on political, economic and business as well as social motivations and examples. At the core of this analysis are the established the...

Past research has suggested that developing CSR linked brands is a complex activity that needs to consider the social issues being addressed as well as multiple facets of organisational activities. This paper proposes that organisational activities need to be considered at four different levels – corporate brand, product/line brands, location/functional activities and supply chain issues. The f...