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Oil: Its Time Allocation and Project Independence

Author

Listed:
  • Paul Davidson

    (Rutgers-The State University)

  • Laurence H. Falk

    (Rutgers-The State University)

  • Hoesung Lee

    (Rutgers-The State University)

Abstract

In 1973, the onset of an energy crisis in a world that for a century had been plagued by potential oversupply of fossil fuels at existing market prices caught many knowledgeable observers by surprise. The energy shortage immediately generated a search for a scapegoat or a rational explanation of the predicament of the highly developed, capitalist economies, heavily based on energy resources, of the United States, Western Europe, and Japan.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Paul Davidson & Laurence H. Falk & Hoesung Lee, 1974. "Oil: Its Time Allocation and Project Independence," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 5(2), pages 411-448.
  • Handle: RePEc:bin:bpeajo:v:5:y:1974:i:1974-2:p:411-448
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    File URL: https://www.brookings.edu/wp-content/uploads/1974/06/1974b_bpea_davidson_falk_lee.pdf
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    Cited by:

    1. Luciana Juvenal & Ivan Petrella, 2015. "Speculation in the Oil Market," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(4), pages 621-649, June.
    2. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    3. David S. Schwartz, 1975. "Comments on “Market Structure and Interfirm Integration”," Journal of Economic Issues, Taylor & Francis Journals, vol. 9(2), pages 337-340, June.

    More about this item

    Keywords

    macroeconomics; oil;

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