The economics of energy has been a contested issue over the past century. Although it has not figured prominently in mainstream economics, numerous alternative proposals have called for energy to play a more central role in economic theory. In this highly original and enlightening volume, Guido Buenstorf develops a new conceptual approach to the economics of energy which originates from recent advances in evolutionary economics. INDICE Preface 1. Introduction: Energy is Back on the Agenda 2. The Physical Perspective on the Economy and its Limitations 3. Production as a Sequential Process 4. More than Heat and Light: The Services Provided by Energy Use in Production 5. Changing Power Relations: The Long-Term Development of Energy Use in Production 6. Process Innovations in Sequential Production 7. A Closer Look at Change: Three Historical Examples of Energy Innovations 8. Conclusions References Index