Electricity in the American Economy
Agent of Technological Progress
AvSam H. Schurr,Calvin C. Burwell
Del i serien Contributions in Economics and Economic History
1 144 kr
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Beskrivning
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.