This work presents an early modern history of Energy Economics, by concentrating on the beginning of the field, mainly with how it came to be formally established. Focusing mainly with the period from the start of the 1950s to the end of the 1980s, in this paper I argue that the development of...

Hayek's early writings on business-cycle theory and the Great Depression argued that cyclical downturns, including that of 1929-1931 were caused by unsustainable elongations of the capital structure caused by bank-financed investment exceeding voluntary saving. Believing that monetary expansion...