Economists of the Cowles Commission of the University of Chicago present the first comprehensive study of the long-range effects on world economy of atomic power and its implications for industries producing oil, coal, and electric power. The study includes a consideration of the characteristics of atomic power, covering source and cost of fuels, type of equipment and initial investment required, etc., and an analysis, estimating the future effects of atomic power on residential heating and on the industries producing aluminum, iron and steel, flat glass, phosphate fertilizers, fixed nitrogen, chlorine, caustic soda, cement, bricks, railroad transportation. The final chapter discusses the possibilities of atomic power in industrialization of backward areas.Originally published in 1950.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.