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Atomic Energy Costing

  • Book
  • © 1998

Overview

Authors:
  1. Warren Young

    1. Bar-Ilan University, Israel

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Part of the book series: Topics in Regulatory Economics and Policy (TREP, volume 29)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-ix
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  2. Introduction, Chronology and Background: A “New World” with “Free Energy”

    • Warren Young
    Pages 1-8

  3. “Ancient” Debates Over Costing and Control of Atomic Energy, 1946–54

    • Warren Young
    Pages 9-22

  4. Patterns, Parameters and Politicization of Atomic Energy Costing

    • Warren Young
    Pages 23-37

  5. Agency Theoretic and Welfare Aspects of Atomic Energy Costing and Regulation

    • Warren Young
    Pages 39-50

  6. Modern Costing and Regulation Debates: From Opec 1 Onwards

    • Warren Young
    Pages 51-74

  7. Atomic Power and Its Regulation: A Comparative Analysis and Critique of Projections

    • Warren Young
    Pages 75-90

  8. Summary and Conclusions: Atomic Energy Costing—Retrospect and Prospect

    • Warren Young
    Pages 91-100

  9. Back Matter

    Pages 101-125
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Keywords

About this book

In the centennial year of the birth of Sir John Cockcroft, first master of my Cam­ bridge College, Churchill, and the first man to split the atomic nucleus by artificial means, it is indeed relevant to consider the outcome of his efforts at developing atomic power. From the earliest days of the construction of Calder Hall-the first nuclear power station in Britain-and the establishment of the British Atomic Re­ search Center at Harwell, and the Chalk River Nuclear Station in Canada, through the "Windscale" nuclear accident in Britain, up to the present, when some 20% of UK energy is derived from nuclear power, the Cockcroft legacy is felt. As the British historian Mark Goldie put it, in the "pure and sanguine 1950s," Cockcroft had almost absolute "faith in 'peaceful atoms' and in the boundless, almost cost free, energy that atoms would soon produce" (Goldie, 1997, p. 21). But, as the eminent economist Frank Hahn recalled, "the only failing Cockcroft had" was "that he wasn't up to much in economics. " Indeed, Hahn recalled that he "had to explain" to Cockcroft "the economic notion of optimum durability" as it related to the "interest rate" in the context of building Churchill College with "hand-made bricks. " After his explana­ tion, as Hahn recalled "Cockcroft smiled and proceeded to order more hand-made bricks" (Hahn, 1997, p. 27).

Authors and Affiliations

  • Bar-Ilan University, Israel

    Warren Young

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