Roger Fouquet

Roger FouquetRoger Fouquet is Associate Professorial Research Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. In 2006, his joint article was chosen for the Campbell Watkins Award for Best Paper in The Energy Journal. In 2010, his book, 'Heat, Power and Light', was selected by Choice Magazine as one of its Outstanding Academic Titles.

Papers Published in World Economics:

The Knowledge Economy in Historical Perspective

The knowledge economy provides huge opportunities for economic growth and to become the cornerstone of future economic development by turning data into wisdom or human capital. Education, one aspect of the knowledge economy, exhibits a history divided into three stages: the apprenticeship era, the universal schooling era and the (future) life-long learning era. The spread of knowledge has accelerated owing to the different stages of knowledge production, in particular the printing press and now the internet.

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Five Centuries of Energy Prices

Concerns about rising energy prices tend to occur in times of economic expansion, to disappear in times of recession. A recurring fear is that, in the long run, real energy prices will trend upwards. This paper presents evidence from five hundred years of prices of energy sources for the United Kingdom. Over this time period, there is little support for any general trend of rising fuel prices—and some evidence of significant declines. Using this information on prices and consumer expenditure to weight the series, an ‘average price of energy’ series has been created. Reflecting the substitution away from more scarce fuels (driving prices down) and towards more valuable ones (driving prices up), over more than five hundred years—and albeit with significant long-lived fluctuations—there seems little evidence of a rising long-run trend in the real price of ‘energy’.

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