Morris Adelman (economist)

Morris Adelman was an influential American economist known for his work in energy economics and resource management. He focused on how markets allocate resources, particularly oil and natural gas. Adelman emphasized the importance of market forces over government intervention in resource industries, arguing that free markets generally lead to better outcomes. His analyses helped shape policies and discussions around energy production and consumption, and he provided insights into how technological advances can affect resource availability and pricing. Overall, his contributions have significantly impacted the understanding of energy markets and economic theory.