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Energy and Organization Growth and Distribution Reexamined
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Bernard C. Beaudreau
Book Code: GM0580
ISBN: 0-313-30580-3
ISBN-13: 978-0-313-30580-1
208 pages, figures, tables
Greenwood Press
Publication: 2/28/1998
List Price: $131.95 (UK Sterling Price: £75.00)
Availability: Out of stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
Series Title: Contributions in Economics and Economic History
Series Number: 193
Reviews:
  • His theory is not generally accepted and, indeed, is widely ignored in the economic literature. If he is right, however, it could have profound implications for business management.
    —Books and Articles in Brief
Description: In the aftermath of the stock market crash, Irving Fisher pointed to the electrification of the U.S. industry as one of the underlying causes of the stock market boom. Earlier, in 1927, Brookings Institution economists had lamented the scant attention energy had received from economists. Today, some 60 years later, power remains the forgotten factor input. In this book, the author incorporates energy into the corpus of economic analysis. Unlike previous attempts, which were mostly theoretical, this work generates testable predictions. The result is a model of production based on the two universal factor inputs--broadly defined energy and broadly defined organization. Once the model of production is developed, the book then tests an empirical model with data from U.S., German, and Japanese manufacturing. The results are used to reexamine the role of energy in productivity slowdown. When the empirically and theoretically correct model of production is used, the Solow residual disappears: growth in manufacturing value added is fully accounted for by growth in energy, capital, and labor.
Table of Contents:
  • Preface
  • Introduction
  • A Conceptual Framework: Newtonian Production Analysis
  • Energy and Organization: The Historical Record
  • Newtonian Production Analysis: Evidence from U.S., German and Japanese Manufacturing
  • Energy, Growth Accounting and the Productivity Slowdown
  • A Theory of Income Distribution
  • The Kahn-Copithorne Hypothesis: Energy-Rent Sharing and Income Distribution
  • The Energy Crisis, Automation and Free-Trade
  • Automation, Off-Shore Production and the Future
  • The Macreconomic Consequences of Automation and Off-Shore Production
  • Conclusions
  • Bibliography
  • Index
LC Card Number: 97-37970
LCC Class: HC79
Dewey Class: 333
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