Electricity in the American Economy

Electricity in the American Economy PDF

Author: Sam H. Schurr

Publisher: Bloomsbury Publishing USA

Published: 1990-12-07

Total Pages: 464

ISBN-13: 031303639X

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Electricity has penetrated deeply into virtually every aspect of American life, be it in industry, the home, or in the rapidly growing commercial and service sectors. This book documents and analyzes the existence of a strong, and growing, synergy between technological progress and the use of electrified production techniques in the United States during the twentieth century. The authors use two types of information in their work: case studies of the ways in which technological progress in particular industries and economic sectors has depended upon the adoption of electrified methods of production and aggregative long-term national economic statistics that measure the changing relationship over time between increases in the use of electricity and other factor inputs and the growth in industrial productivity. Eleven of the book's thirteen chapters cover the case studies, while the remaining two chapters and the statistical appendix contain the broad quantitative findings and supporting data. In their analysis, the authors address three inter-related questions from a long-term evolutionary perspective: Why has electricity's share of total energy risen so sharply over the years? How has this rise been related to productivity growth? and Why has the rise in electricity led to long-term improvements in the efficiency of overall energy use despite the thermal energy losses sustained when fuels are converted into electricity? The answer to these questions, they contend, is the technological progress represented by electrified production technologies, and in the new ways of organizing production that are now possible. The different ways in which electrical energy has been put to work, and with what results, are examined in the various case studies presented, and further documented in the aggregative statistical analysis. This study reveals the important role that the electrification of production operations has played in supporting productivity growth in manufacturing and other economic sectors in the past, and the important part that it can continue to play in the future. This book will appeal to a broad spectrum of readers; those interested in productivity issues, energy policy, electricity in general, historians of technology, economic historians, and those interested in current technological issues. It will be a necessary acquisition for college and university libraries, as well as those individuals interested in energy, technology, economic growth, history, and the interfaces among them.

The Current Economy

The Current Economy PDF

Author: Canay Özden-Schilling

Publisher: Stanford University Press

Published: 2021-06-15

Total Pages: 288

ISBN-13: 1503628221

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Electricity is a quirky commodity: more often than not, it cannot be stored, easily transported, or imported from overseas. Before lighting up our homes, it changes hands through specialized electricity markets that rely on engineering expertise to trade competitively while respecting the physical requirements of the electric grid. The Current Economy is an ethnography of electricity markets in the United States that shows the heterogenous and technologically inflected nature of economic expertise today. Based on ethnographic fieldwork among market data analysts, electric grid engineers, and citizen activists, this book provides a deep dive into the convoluted economy of electricity and its reverberations throughout daily life. Canay Özden-Schilling argues that many of the economic formations in everyday life come from work cultures rarely suspected of doing economic work: cultures of science, technology, and engineering that often do not have a claim to economic theory or practice, yet nonetheless dictate forms of economic activity. Contributing to economic anthropology, science and technology studies, energy studies, and the anthropology of expertise, this book is a map of the everyday infrastructures of economy and energy into which we are plugged as denizens of a technological world.

Selling Power

Selling Power PDF

Author: John L. Neufeld

Publisher: University of Chicago Press

Published: 2016-11-08

Total Pages: 343

ISBN-13: 022639963X

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The economics of electric utilities -- Early commercialization -- The first electric utilities -- The adoption of state commission rate regulation -- Growth and growing pains -- Public utility holding companies: opportunity and crisis -- Public utility holding companies: indictment and "death sentence"--Hydroelectricity and the federal government -- Rural electrification -- Conclusion and a look forward from 1940

Renewable Electricity Generation

Renewable Electricity Generation PDF

Author: Benjamin Zycher

Publisher: AEI Press

Published: 2011-11-16

Total Pages: 82

ISBN-13: 0844772232

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This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.

Environmental and Energy Policy and the Economy

Environmental and Energy Policy and the Economy PDF

Author: Matthew J. Kotchen

Publisher: University of Chicago Press

Published: 2022-01-24

Total Pages: 275

ISBN-13: 0226821749

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This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

Accumulation and Power: Economic History of the United States

Accumulation and Power: Economic History of the United States PDF

Author: Richard B. DuBoff

Publisher: Routledge

Published: 2016-07-22

Total Pages: 195

ISBN-13: 1315492407

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Koreas location at the very center of Northeast Asia also gives it a pivotal role in the economic integration of the region and the dynamic development of its more powerful neighbors. This book offers an appraisal of Korea as the key to the coalescence of a broad, open Northeast Asian regionalism in the 21st century.

Lights Out

Lights Out PDF

Author: Jason Makansi

Publisher: John Wiley & Sons

Published: 2007-08-24

Total Pages: 322

ISBN-13: 0470174307

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A behind-the-scenes exposure why our electricity system is headed for a state of emergency-and what can be done to head it off Most people don't realize that skyrocketing global energy demand and economic growth severely affect the supply of electricity. Between production (power plants) and delivery is an antiquated, "third-world" transmission grid that is in desperate need of hardening against breakdowns, terrorist attacks, inadequate carrying capacity, and operational obsolescence. And while electricity doesn't hold the headlines or dramatic power of oil, the ability to ensure its uninterrupted supply at a reasonable price is even more essential to global survival and prosperity. Lights Out is today's most detailed, in-depth examination of this largely unreported looming energy crisis. Written by one of the world's top electricity industry experts, this powerful book covers numerous hot button economic and political issues-free markets versus regulation; energy independence versus foreign imports; nuclear power, global warming, and other environmental issues; and much more. Beyond just uncovering and illuminating the problems, however, it proposes a comprehensive road map of technical solutions and regulatory reform from both the production and demand sides of the equation-a framework for rethinking, rebuilding, and enhancing the entire electricity production and delivery infrastructure. Prescriptive and provocative, Lights Out will redefine the simmering debate on how the world can-and must-act now to head off a global catastrophe, one that could eventually wreak even more havoc than the ongoing oil crisis. Jason Makansi is the President of Pearl Street, Inc., a consulting firm; Principal of PS Liquidity Advisors, an advisory service for energy technology companies raising capital; and Executive Director of the Energy Storage Council, a public-policy advocacy organization. A prolific author, respected industry thought leader, and seasoned communicator, Mr. Makansi has been analyzing the technological, business, and regulatory issues in electricity production and delivery for over twenty-five years. He earned a BS in chemical engineering from Columbia University. His earlier books include An Investor’s Guide to the Electricity Economy, also published by John Wiley & Sons, and Managing Steam: An Engineering Guide to Commercial, Industrial, and Utility Systems.