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Atomic Energy Costing / Edition 1

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This book deals with atomic energy costing on three levels: patterns, parameters, and politicization of atomic energy costing.
The Introduction provides an overview of some of the debates on the early costing of atomic energy. Chapter 1 examines economic costing and economic consequences; the issue of economic control of atomic energy by government, public sector monopoly, or private enterprise is also discussed. Chapter 2 focuses on the parameters of profits and subsidies and interest and discount rates and how they affect cost-benefit appraisals of nuclear energy. The politicization of atomic energy costing is dealt with via a discussion of alternate agency theoretic and welfare aspects of atomic energy costing in Chapter 3. Chapter 4 presents a detailed survey of the modern costing and regulation debates in the US and UK, while Chapter 5 presents a comparative analysis of atomic power and its regulation in the US, UK and Japan. Chapter 6 sums up the material and attempts to derive some conclusions regarding the atomic energy costing debates.
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Editorial Reviews

Covers debates that took place from 1946-1954 over costing and control of atomic energy; patterns, parameters, and politicization of atomic energy costing; agency theoretic and welfare aspects of atomic energy costing and regulation; modern debates from OPEC-1 onwards; and a comparative analysis and critique of projects relating to atomic power and its regulations. An appendix discusses explanations given by members of the Cowles Commission, which studied the peacetime uses of atomic power, concerning the "economic" and "trigger" effects of technological change. Annotation c. Book News, Inc., Portland, OR
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Product Details

Table of Contents

Introduction, Chronology and Background: A "New World" with "Free Energy": Key Questions and Debates, Ancient and Modem 1
1 "Ancient Debates" over Costing and Control of Atomic Energy, 1946-54 9
A Economic Costing, Consequences, and Control - the Cowles Project and Isard Studies and Lerner's approach 9
B Variations on the theme: the UK Case - Blackett, Isard, Cherwell, Harrod and Cockcroft 19
2 Patterns, Parameters, and Politicization of Atomic Energy Costing 23
A The Cost "Enigma" and Private Enterprise: profits and subsidies, interest and discount rates, private and social costs 23
B Politicization of Atomic Energy Costing: a new political economy perspective 30
3 Agency Theoretic and Welfare Aspects of Atomic Energy Costing and Regulation 39
A Alternate Principal-Agent approaches to Public Utilities and their Regulation: from "control" and "capture" to "regulatory environment" 39
B Pigovian and Coasian aspects of the Nuclear Cost Cycle 46
C "Planning Context," "Official Technology" and the notion of "Capture": a critique 49
4 Modern Costing and Regulation Debates: from OPEC-1 Onwards 51
A The nuclear-political cost cycle: from "independence" to "constraints" 52
B A Free Lunch Again? - the New Atomic Energy Costing Debate amongst economists and in the economic press from 1983 onwards 61
5 Atomic Power and Its Regulation: A Comparative Analysis and Critique of Projections 75
A The Japanese Nuclear Program - an overview 75
B Japanese and US Regulatory Approaches in Theory and Practice 79
C The UK case: regulatory failure or government failure? 82
D US Department of Energy Long Term Projections for Nuclear Power: a costing-based critique 85
6 Summary and Conclusions: Atomic Energy Costing - Retrospect and Prospect 91
Retrospect: "No Free Lunch" 91
Prospect: from regulated "plutonium" to deregulated "hydrogen-based" economies 97
App Simon, Marschak and Schurr on the "'Economic' and 'Trigger' Effects of Technological Change - the Case of Atomic Energy: from the 1940s to 1990s" 109
Bibliography 113
Index 121
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