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The marginalist approach and the making of fuel policy in France and Britain, 1945–72

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  • MARTIN CHICK

Abstract

Focusing on the shift from coal to oil in the French and British economies between 1945 and 1972, this article analyses the influence of economists and economic concepts on fuel‐policy making in each economy. The framing of French fuel policy around marginalist principles from 1958 is examined, and the unusually direct influence of economists on policy making is ascribed to a mix of national security, industrial modernization, and political considerations.

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  • Martin Chick, 2006. "The marginalist approach and the making of fuel policy in France and Britain, 1945–72," Economic History Review, Economic History Society, vol. 59(1), pages 143-167, February.
    • Handle: RePEc:bla:ehsrev:v:59:y:2006:i:1:p:143-167
    DOI: 10.1111/j.1468-0289.2005.00333.x
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    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014, November.
    2. O'Mahony, Mary & Vecchi, Michela, 2001. "The Electricity Supply Industry: A Study of an Industry in Transition," National Institute Economic Review, National Institute of Economic and Social Research, vol. 177, pages 85-99, July.
    3. Roger Middleton, 1998. "Charlatans or Saviours?," Books, Edward Elgar Publishing, number 1556.
    4. Dormois,Jean-Pierre, 2004. "The French Economy in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521660921, November.
    5. Leslie Hannah, 1982. "Engineers, Managers and Politicians," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-03446-8.
    6. Martin Chick, 2002. "Le Tarif Vert Retrouve: The Marginal Cost Concept and the Pricing of Electricity in Britain and France, 1945-1970," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 97-116.
    7. Dormois,Jean-Pierre, 2004. "The French Economy in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521667876, November.
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    Cited by:

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