ECONOMICS OF ENERGY

THE ECONOMICS OF ENERGY REFERS TO ITS ASPECT AS A COMODITY. IT BECOMES A COMMODITY BECAUSE ENERGY IS AN ESSENTIAL INPUT OF PROCESSES OF PRODUCTION WHICH INCREASE GOODS OR DIMINISH BADS, SUCH AS AIR POLLUTION, SINCE GOODS TEND TO BE IMPROBABLY MATERIAL STRUCTURES. THERE ARE INTERESTING PROBLEMS IN THE ECONOMICS OF ENERGY TRANSPORTATION: WE DO NOT SIMPLY WANT ENERGY; WE WANT IT AT CERTAIN TIMES AND PLACES. PERSONAL TRANSPORTATION IS A PARTICULARLY IMPORTANT FACET OF THIS PROBLEM. IN THE PRESENT STATE OF AFFLUENCE, IT IS HARD TO ROUSE MUCH ENTHUSIASM FOR PUBLIC TRANSPORTATION SINCE THE AUTOMOBILE PROVIDES TRANSPORTATION ENERGY WHEN OR WHERE THE OWNER WANTS IT. IF ONE SOURCE OF EASILY TRANSPORTABLE, PERSONALLY AVAILABLE TRANSPORTATION ENERGY GIVES OUT, THERE WILL BE VERY STRONG INCENTIVES TO FIND A SUBSTITUTE.

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Filing Info

  • Accession Number: 00202404
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 27 1982 12:00AM