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Title: Energy, economic growth, and equity in the United States

Book ·
OSTI ID:6473750

Decades of economic growth in the United States, although improving the lot of many, have failed to solve the problem of poverty. Islands of acute poverty persist amidst affluence even today, invalidating the conventional wisdom that a growing economy lifts everyone. For better or for worse, economic growth has been mainly dependent upon energy to solve the problem of poverty, and the insidious energy crisis that confronts us today threatens this economic growth and the dream of an equitable society. For this reason it is important to consider all the potential consequences of energy policies that are designed to help achieve energy self-sufficiency. In this study alternate energy policies are identified and compared for their relative degrees of potential trade-offs. The evaluation of the policies is carried out with the aid of two computer simulation models, ECONOMY1 and FOSSIL1, which are designed to capture the interactions between the energy sector and the rest of the economy of the United States. The study proposes an alternate set of hypotheses that emphasize the dynamics of social conflict over the distributive shares in the economy. The ECONOMY1 model is based on these hypotheses. 103 references, 79 figures, 16 tables.

OSTI ID:
6473750
Country of Publication:
United States
Language:
English