THE ECONOMICS OF ENERGY EXTRAVAGANCE

The root cause of the energy crisis lies in the market economy. Sociological technological and conventional economic solutions to the energy problem only speak to the symptoms. Energy consumption is profitable and the market economy is built on private production and investment guided by the profit motive. Investment decisions and business activities are mutually reinforcing creating a circular momentum. Energy extravagence has become an integral part of this set pattern of spiral causality in the market place. In urban areas, the exclusivity of the automobile and extensive suburbs are examples of the economy systematically promoting energy extravagence to maintain profitability. Avoidance of economic depression has debilitated effective conservation of energy and, as a chain reaction, has inhibited environmental protection. The structural limitations of the economy must be examined if it is possible to reform our energy intensive economy.

  • Corporate Authors:

    University of California, Berkeley

    School of Law, Boalt Hall
    Berkeley, CA  United States  94720
  • Authors:
    • WALKER, R A
    • Large, D B
  • Publication Date: 1975

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Filing Info

  • Accession Number: 00126958
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 14 1976 12:00AM