The view that the relative prices of different sources of energy will determine the relative dominance of the two in the evolving energy mix is, as we have seen, very much a view from within the economics mainstream. This mainstream tradition is sometimes labelled ‘orthodox’, other times ‘neoclassical’. It is also principally a form of ‘supply-side’ economics, so called because it rests on the premise that the supply of goods and services is the key determinant of levels of economic growth and prosperity.
