After World War II, ambitious programmes to produce electricity from nuclear energy were begun, in the search for a return on the enormous amounts of money invested. The economic expansion in the West during the fifties and sixties was directly related to enormous petrol consumption at a time when energy was considered plentiful and cheap. Energy consumption during these decades grew more than exponentially. The fastest developing industrial sectors were precisely the ones that consumed most energy– Petro-chemical industries, metallurgy, car manufacturing, domestic appliances, electricity generating etc.– and a trend developed towards goods and services with higher energy intensity. Since 1950, increased energy production has been systematically favoured over more rational use. So much so that the increase in energy consumption has been taken as a reliable indicator of progress.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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