11. Capitalism, Technology and a Green Global Golden Age: The Role of History in Helping to Shape the Future

Pérez, Carlota

doi:10.1111/1467-923x.12240

Cited by 70 publications

(63 citation statements)

References 8 publications

(8 reference statements)

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“…Indeed, Perez (2016) has identified the regulation of products as a way of incentivizing durability and maintenance, and of making producers responsible for the entire lifespan of their products. This is seen as a key measure for encouraging the circular economy and manufacturing durability, as well as the growth of a rental and maintenance economy (Perez, 2016).…”

Section: Objective and Outlinementioning

confidence: 99%

It is never too late to give up, or is it? Revisiting policies for sustainable consumption

Dalhammar¹

2019

A Research Agenda for Sustainable Consumption Governance

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Early discourse on sustainable consumption policies stressed the importance of educating consumers about the implications of consumption, and advocated the use of policies like eco-labelling and consumption-related taxes. This agenda focused mainly on 'greener consumption' rather than 'consumption limits' (see Mont and Dalhammar, 2005), perhaps not surprisingly, since the term 'consumption limits' has never been popular among emerging economies desiring economic development. This agenda and its and associated policies can, at best, achieve (very) modest relative decoupling of gross domestic product (GDP), yet there is little evidence of absolute decoupling, not least because of rebound effects (Jackson 2009). 2

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Section: Objective and Outlinementioning

confidence: 99%

It is never too late to give up, or is it? Revisiting policies for sustainable consumption

Dalhammar¹

2019

A Research Agenda for Sustainable Consumption Governance

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“…Understanding these encounters, and how PV pathways have been constructed through them, can generate insights relevant to global energy and climate ambitions. Given the enormous flows of private finance expected to realise these ambitions, and that an active public sector may be needed to guide, direct and even lead investment [59,60,61], the number of neoliberal-developmental encounters will likely proliferate. We use our niche political economy framework to understand how these encounters have played out in Kenya, and for reflecting on how they might play out more generally in future.…”

Section: Niche Political Economymentioning

confidence: 99%

A political economy of niche-building: Neoliberal-developmental encounters in photovoltaic electrification in Kenya

Byrne

Mbeva

Ockwell

2018

Energy Research & Social Science

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International agreements on energy access and climate change, formulated according to neoliberal orthodoxy, will drive significant finance to developing countries for clean technology investments. But critics call for more active state intervention-a developmental approach-arguing that free markets alone will not deliver what is required. This creates the potential for confrontation between contradictory ideologies in national policymaking and implementation: neoliberalism in global agreements versus developmentalism in national policy. The Kenyan photovoltaics (PV) market has long-experienced neoliberal-developmental policy interactions, reflecting on which can illuminate how such encounters might unfold in the future. We construct a new 'niche political economy' theoretical framework to analyse these past interactions, constituting one of three contributions we offer. The second is empirical, showing how PV practitioners, national policymakers and global development actors have negotiated their policymaking encounters over time. Our third contribution offers reflections on the issues explored, discussing what this might mean for future neoliberal-developmental encounters. We find that action on the ground will emerge from messy negotiated interactions between competing ideologies rather than be determined by powerful neoliberal actors. As such, realising global energy and climate ambitions becomes even more uncertain unless long-term active nichebuilding resources are secured in international agreements.

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“…Carlota Perez has shown how technological change, policy and finance move together in a repeating cycle. 5 Perez analyses this cycle as having three stages: an 'installation period' when a new technology is introduced, framing the prevailing economic orthodoxy and attracting exuberant private investment; a 'turning point' when excessive finance and growth leads to market overreach, asset bubbles and, eventually, economic crisis; and a 'deployment phase' when new economic policies are introduced to ameliorate the failures of the previous period and integrate the new technologies into a stable economic model. Eventually, this period of relative stability is superseded by new disruptive technologies, and a restart in the cycle.…”

Section: Framing Historical Changementioning

confidence: 99%

Time for a New Paradigm? Past and Present Transitions in Economic Policy

Stirling¹,

Laybourn‐Langton²

2017

Political Quarterly

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This article seeks to place the UK's present economic ‘moment’ in historical context. Over the course of the decade since the 2007 financial crisis, it has increasingly been acknowledged that a cyclical crisis has become a structural crisis. The failure of most economists to predict the financial crash in the first place, and the inadequacy of economic policy in responding to its lasting effects, has led many to conclude that economics itself is in crisis. This article seeks to contribute to a better understanding of the present period of disjuncture. Drawing on theories of paradigm shift from both the physical and social sciences, we argue that the speed of change in UK economic policy is comparable to the two major historical transitions that ended with the post‐war consensus and neoliberalism. We conclude by offering some remarks on how and where the present change might take us.

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11. Capitalism, Technology and a Green Global Golden Age: The Role of History in Helping to Shape the Future

Cited by 70 publications

References 8 publications

It is never too late to give up, or is it? Revisiting policies for sustainable consumption

It is never too late to give up, or is it? Revisiting policies for sustainable consumption

A political economy of niche-building: Neoliberal-developmental encounters in photovoltaic electrification in Kenya

Time for a New Paradigm? Past and Present Transitions in Economic Policy

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