Introduction -- Shifting from coal to oil : what price security? -- The European coal and steel community -- Moving the margin to the centre : pricing electricity -- Electricity investment : rewarding the past, discounting the future -- Deregulation, privatisation and liberalisation -- Conclusion.

Modern liberalism asserts the transcendental, autonomous self's 'natural rights' against others' moralistic and political preferences, and regards the economist's utilitarian social welfare theory as instrumental to the achievement of 'social justice'. Timothy Roth argues that the liberal...