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Oil: Its Time Allocation and Project Independence

In: Inflation, Open Economies and Resources

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  • Paul Davidson

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.

Suggested Citation

  • Paul Davidson, 1991. "Oil: Its Time Allocation and Project Independence," Palgrave Macmillan Books, in: Louise Davidson (ed.), Inflation, Open Economies and Resources, chapter 25, pages 319-352, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11516-7_25
    DOI: 10.1007/978-1-349-11516-7_25
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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.

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