Ebook525 pages10 hours
Selling Power: Economics, Policy, and Electric Utilities Before 1940
Rating: 0 out of 5 stars
()
About this ebook
We remember Thomas Edison as the inventor of the incandescent light bulb, but he deserves credit for something much larger, an even more singular invention that profoundly changed the way the world works: the modern electric utility industry. Edison’s light bulb was the first to work within a system where a utility generated electricity and distributed it to customers for lighting. The story of how electric utilities went within one generation from prototype to an indispensable part of most Americans’ lives is a story about the relationships between political and technological change.
John L. Neufeld offers a comprehensive historical treatment of the economics that shaped electric utilities. Compared with most industries, the organization of the electric utility industry is not—and cannot be—economically efficient. Most industries are kept by law in a state of fair competition, but the capital necessary to start an electric company—generators, transmission and distribution systems, and land and buildings—is so substantial that few companies can enter the market and compete. Therefore, the natural state of the electric utility industry since its inception has been a monopoly subject to government oversight. These characteristics of electric utilities—and electricity’s importance—have created over time sharp political controversies, and changing public policies have dramatically changed the industry’s structure to an extent matched by few other industries. Neufeld outlines the struggles that shaped the industry’s development, and shows how the experience of electric utilities provides insight into the design of economic institutions, including today’s new large-scale markets.
John L. Neufeld offers a comprehensive historical treatment of the economics that shaped electric utilities. Compared with most industries, the organization of the electric utility industry is not—and cannot be—economically efficient. Most industries are kept by law in a state of fair competition, but the capital necessary to start an electric company—generators, transmission and distribution systems, and land and buildings—is so substantial that few companies can enter the market and compete. Therefore, the natural state of the electric utility industry since its inception has been a monopoly subject to government oversight. These characteristics of electric utilities—and electricity’s importance—have created over time sharp political controversies, and changing public policies have dramatically changed the industry’s structure to an extent matched by few other industries. Neufeld outlines the struggles that shaped the industry’s development, and shows how the experience of electric utilities provides insight into the design of economic institutions, including today’s new large-scale markets.
Related to Selling Power
Related ebooks
Summary of The Rise and Fall of American Growth: by Robert J. Gordon | Includes Analysis Rating: 0 out of 5 stars0 ratingsReinventing Electric Utilities: Competition, Citizen Action, and Clean Power Rating: 4 out of 5 stars4/5On the Move: Changing Mechanisms of Mexico-U.S. Migration Rating: 0 out of 5 stars0 ratingsThe One-Way Street of Integration: Fair Housing and the Pursuit of Racial Justice in American Cities Rating: 0 out of 5 stars0 ratingsMr. Kaiser Goes to Washington: The Rise of a Government Entrepreneur Rating: 0 out of 5 stars0 ratingsAgainst the Dead Hand: The Uncertain Struggle for Global Capitalism Rating: 4 out of 5 stars4/5Money for Nothing: How CEOs and Boards Enrich Themselves While Bankrupting America Rating: 3 out of 5 stars3/5Business Operations: Global Integration for Firms Rating: 0 out of 5 stars0 ratingsThe Game: How the World of Finance Really Works Rating: 5 out of 5 stars5/5Predicting Presidential Elections and Other Things, Second Edition Rating: 5 out of 5 stars5/5Complexity, Risk, and Financial Markets Rating: 0 out of 5 stars0 ratingsSummary of Erik Peterson & Tim Riesterer's The Expansion Sale Rating: 0 out of 5 stars0 ratingsService Science, Management, and Engineering:: Theory and Applications Rating: 0 out of 5 stars0 ratingsWest Linn Rating: 3 out of 5 stars3/5Cost Segregation Study A Complete Guide - 2021 Edition Rating: 0 out of 5 stars0 ratingsSecondary mortgage market A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsJoe Wilson and the Creation of Xerox Rating: 4 out of 5 stars4/5The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn Rating: 4 out of 5 stars4/5The Future of the Dollar Rating: 0 out of 5 stars0 ratingsWelcome to the Urban Revolution: How Cities Are Changing the World Rating: 4 out of 5 stars4/5Making Cities Work: Prospects and Policies for Urban America Rating: 5 out of 5 stars5/5The Life of Thomas Telford; civil engineer with an introductory history of roads and travelling in Great Britain Rating: 0 out of 5 stars0 ratingsQlik A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsThe New Industrial State Rating: 4 out of 5 stars4/5The Conquest of Politics: Liberal Philosophy in Democratic Times Rating: 0 out of 5 stars0 ratingsMarket Urbanism: A vision for free-market cities Rating: 0 out of 5 stars0 ratingsThe Power of Money: How Ideas about Money Shaped the Modern World Rating: 0 out of 5 stars0 ratingsElectricity Auctions: An Overview of Efficient Practices Rating: 0 out of 5 stars0 ratingsMaster limited partnership The Ultimate Step-By-Step Guide Rating: 0 out of 5 stars0 ratingsBreakthroughs in Decision Science and Risk Analysis Rating: 0 out of 5 stars0 ratings
Economics For You
The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Limitless Mind: Learn, Lead, and Live Without Barriers Rating: 4 out of 5 stars4/5You Can't Lie to Me: The Revolutionary Program to Supercharge Your Inner Lie Detector and Get to the Truth Rating: 4 out of 5 stars4/5Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle Rating: 5 out of 5 stars5/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratingsEverybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 4 out of 5 stars4/5Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Rating: 4 out of 5 stars4/5The Peter Principle: Why Things Always Go Wrong Rating: 4 out of 5 stars4/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5Men without Work: Post-Pandemic Edition (2022) Rating: 5 out of 5 stars5/5
Reviews for Selling Power
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Selling Power - John L. Neufeld
>&2^ book_preview_excerpt.html }rI寄ØhO(EjJMp D c!~OOK{o56mI@/M[W[|wk"/ٗjmSSS<8ym2SNՃ˥-.&UY-I)oڪە4]f磻/7ӳ?e|Yxh*.l:͛a]dgWן%~>:Ͱ&va{Sg7ՆsZvmx}y~q|}\ߌ>n
͑};ɰEz dJ6xƈ7w~}nnFw_FWŇ3V@|dn../7W5-s㢣+2eSv{c[v~A =p9ާoW7F__|by *
L0n쀡'[]de[tzCPe_|tzES}xC_.o.zKIats{}rt/~
%E}lVo.~?d/No\|MG|",s7/n J:yio(MD\3Nj| _v9d_ۼ[콝U͎^?;XOZC:.s+ό .no3}}@ݝt ݯeN16 '/[tH?rZE:>K|AL/ݸ $Sg%.[P9n[i%q?ώe'qv|DC dGыTՏ?${=wn_^|upxp|''j?<˗ϳ'`\UћpӉ@)vH/;χG{2צ^ ٙiMQ c61mN'qN߸7v3[LBtjkU{}9X1
lUy|S7OsMgWg-&UmJ47qG8ͤWO?:$|)
VVE߱zyTNnmj^f!t3[rbe~#bm>imo˳+^O0(Pʼn2ږ)ʬl2[XvۍCn? _*?}FbO_z>;3ˤy0yaƅL[yi1â O#}:2_γĮ1YʧϞK3sp~zYn
?i ;^}1[X0u;0E>M.鴰?` 67li"?k+8su;zz5٫ׯ'_l4%}Ѕй2wffD[2uUH1<ju?ZWm2BT:qC]^LAI|7} G;7xN#ᘘTbx2`{:ܓR|юi7lC~/1Ԙ(GX\]&9!_~8yk״= ӊyɋɉ}c]ت%~5q6WVtL^[e.M%Lz+58&7sQ9'-P~+I=/'_e2է͔p=T;5`WU2MYAVa6C>TC)_U~xf3#Hޗ=SOwy!?