Considering all sources of energy and the major world markets, these papers from energy economists in the United States, Canada, and Britain all indicate that the 1973 energy 'crisis' was and is a short-run problem caused by government action or inaction. Past policies are analysed, and future policies recommended.
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Edward W. Erickson is a professor emeritus of economics at North Carolina State University.
Leonard Waverman has been a professor of economics at the University of Toronto and the London Business School and Dean of the Haskayne School of Business as well as professor of strategy at the University of Calgary. He is currently Dean of the DeGroote School of Business.
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