`Chick's superb study of this crucial sector goes right to the heart of a number of problems associated with markets and government, casting light on each. It also sheds light in unexpected areas, and in particular on the history of economic thought. Above all, this volume succeeds admirably in fusing the best techniques of business and economic history to show why history matters for present-day policy.'
- Roger Middleton, Business History

`Nationalisation, regulation, privatisation: beyond polemics, history lessons by Martin Chick.'
- Alain Beltran, Université Panthéon-Sorbonne, France

`International economic history is not just concerned with flows of capital and goods. It involves comparisons of the economic policy and organisation of specific economic sectors. In this excellent book, Martin Chick examines energy policy issues, policy formation, policy makers and their advisers, in USA, France and Britain, drawing on original archive sources. He brings out the importance of strategic issues, including security, in the switch from coal to oil and natural gas, the European debate on coal and steel, pricing in electricity supply and finally privatisation and liberalisation of markets. It is a fine exercise in political economy and will appeal to scholars and students of politics as well as of history, economics and business studies.'
- Robert Millward, University of Manchester, UK

`Analyzing the work of economic theorists and policy practitioners from the 1840s to the present, this sophisticated historical account helps scholars understand better the profound obstacles to making successful energy policy today. In particular, the cross-national study highlights the primacy of social, political, and historical forces over "rational" economic theory, demonstrating that energy policy making has never been (and will likely never become) a pure science based on cherished academic principles such as marginal-cost pricing.'
- Richard Hirsh, Consortium on Energy Restructuring, Virginia Tech, US

`Martin Chick's overview of the formation and implementation of energy policy in three countries since 1945 is a remarkable achievement. Writing clearly, confidently and concisely, Chick examines competing energy sources, political organisation, pricing and investment, providing a comparative political economy of the post-war electrical industry. Through exploration of critical debates within academia, business and politics about the future structure of the industry during the "long seventies" (1968-84), he demonstrates how past decisions conditioned policy choices in each of the three countries, especially with regard to more recent trends towards privatisation and deregulation. The book is an important contribution to economic history, but it also has clear contemporary relevance. His message about the ways in which past policy and practice affect the present applies equally to current-day debates about the future direction of energy policy. Chick's careful analysis of the industry's development to date provides vital background information and a framework for analysis for policymakers and the informed public.'
- Ray Stokes, University of Glasgow, UK

Martin Chick's book is a major economic and historical study of the development of electricity and energy policy in Britain, France and the United States since 1945. Using newly available archival material the author draws important comparisons between these countries and includes all of the fuel and power industries