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Success through failure? Four centuries of searching for Danish coal

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  • Kristin Ranestad
  • Paul Sharp

Abstract

Natural resources, especially energy resources, are often considered vital to the process of economic development, with the availability of coal considered central for the nineteenth century. Clearly, however, although coal might have spurred economic development, development might also have spurred the discovery and use of coal. To shed light on this, we suggest that the case of resource-poor Denmark, which spent centuries looking for coal, is illuminating. Specifically, we emphasise that the process of looking for coal and the creation of a natural resource industry in itself is important beyond the obvious dichotomy of haves and have-nots. We seek to understand this process and find that prices proved an important stimulus to coal surveys.

Suggested Citation

  • Kristin Ranestad & Paul Sharp, 2023. "Success through failure? Four centuries of searching for Danish coal," Business History, Taylor & Francis Journals, vol. 65(8), pages 1341-1365, November.
  • Handle: RePEc:taf:bushst:v:65:y:2023:i:8:p:1341-1365
    DOI: 10.1080/00076791.2021.1879053
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    Cited by:

    1. is not listed on IDEAS
    2. Sofia Henriques & Eoin McLaughlin & Paul Sharp & Xanthi Tsoukli & Christian Veddel, 2020. "Opening the Black Box of the Danish Dairy Cooperatives: A Productivity Analysis," Working Papers 0203, European Historical Economics Society (EHES).

    More about this item

    JEL classification:

    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East

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