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In this volume, eight energy experts address the question of how much energy conservation can contribute to national energy supplies and how it will affect economic growth. The authors differ in their assessment, some taking a pessimistic and others an optimistic view of conservation's ability to mitigate the damping effect of higher energy costs. They assign varying roles to conservation and energy supplies to meet social and economic goals, but agree on the need for more research. The areas of agreement include cost-effective conservation policies which rely heavily on market forces. They differ in their interpretations of historical data and the potential for substitution.

Charles J. Hitch , president of Resources for the Future in Washington, D.C., was formerly president of the University of California, and served as Assistant Secretary of Defense (Comptroller) from 1961-1965. He was also chairman of the General Advisory Committee of the Energy Research and Development Administration and vice president of the. American Economic Association, A fellow of the American Association for the Advancement of Science, of the American Academy of Arts and Sciences, and of the Econometric Society, he has also been awarded numerous honorary degrees. He has published several books on various aspects of economics, including Modeling Energy-Economy Interactions: Five Approaches (Resources for the Future, 1977).


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