According to Ecological Economists "it is fallacious for a number of influential Economists, most notably Edward Denison and George Perry, to minimize the role of energy in production and indicated that the role of energy is primary, coequal with capital formation". Examine the economic basis for this argument.

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
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According to Ecological Economists "it is fallacious for a number of influential Economists, most notably Edward Denison and George Perry, to minimize the role of energy in production and indicated that the role of energy is primary, coequal with capital formation". Examine the economic basis for this argument.

 

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