The view is advanced that West Europeans, Japanese and Americans are accustomed to thinking of their own market based economic systems as more flexible, hence more rational, than the rigid central planning systems employed in most Communist countries. The author contends that Communist planners are, by and large, pursuing a course of cautious, deliberate, rational energy decisions based (both domestically and internationally) on relative cost and price. In contrast, capitalist governments have shown a pattern of draconian measures involving quantitative restrictions, suspension of the market mechanism, government manipulation of prices, encouragement and protection of monopoly-and even the attempted central planning of crude oil and refined products.

  • Availability:
  • Corporate Authors:

    IPC Science and Technology Press Limited

    IPC House, 32 High Street
    Guildford, Surrey  England 
  • Authors:
    • Wright, A W
  • Publication Date: 1975-3

Media Info

  • Features: References;
  • Pagination: p. 38-46
  • Serial:
    • Energy Policy
    • Volume: 3
    • Issue Number: 1
    • Publisher: Butterworth Scientific Limited
    • ISSN: 0301-4215

Subject/Index Terms

Filing Info

  • Accession Number: 00125817
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Files: TRIS
  • Created Date: Oct 18 1975 12:00AM