An explanation for a lot of the reason for nuclear power’s high costs can be found in the so-called ‘Baumol effect’. This is named after a US economist who discussed how it is that some sectors of the economy do not improve their productivity, yet sell their services at increasing cost. This includes nuclear power because, as an industry that is, essentially, an exercise in large-scale construction, it does not improve its productivity. In fact, it has been dragged by … read more »
The post New Nuclear appeared first on No2NuclearPower.
