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Factors of Production and the State: Capital, Labour, Energy

Review products

FrancescaBatzella, The Dynamics of EU External Energy Relations: Fighting for Energy (Cambridge: Cambridge University Press, 2018), 176 pp. (pb), £36.99, ISBN 978-0367-88681-3.

Alina-SandraCucu, Planning Labour: Time and the Foundations of Industrial Socialism in Romania (New York: Berghahn Books, 2019), 266 pp. (hb), £99, ISBN 978-1-78920-185-7.

RüdigerGraf, Oil and Sovereignty: Petro-Knowledge and Energy Policy in the United States and Western Europe in the 1970s (New York: Berghahn Books, 2014), 474 pp. (hb), £99.00, ISBN 978-1-78533-806-9.

Published online by Cambridge University Press:  11 October 2021

Marta Musso*
Affiliation:
KTH Royal Institute of Technology, Division of History of Science, Technology and Environment, Brinellvägen 8, 114 28Stockholm, Sweden

Extract

Is state intervention making a comeback in economic policy? Should it make a comeback in economic policy? And, if so, what should this intervention look like? The relations between the state and the economy are a recurring theme throughout modern history, at least since the invention of the nation-state, but in Covid Europe these questions have made the news headlines for the first time in decades. This has been in addition to the strains and challenges posed to the global economy by climate change, which have increasingly put state intervention at the forefront of economic policy. In this context, it is not surprising that state intervention has been the subject of many new books. The ones under review here, all published between 2014 and 2020, add new food for thought to the topic. They raise important questions at a time when ideas around the relations between state, entrepreneurship and resources are beginning to be rediscussed, even in the most conservative economic circles.

Type
Review Article
Copyright
Copyright © The Author(s), 2021. Published by Cambridge University Press

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References

1 For a compendium of financialisation, see Springer, Simon, Birch, Kean and MacLeavy, Julie, eds., The Handbook of Neoliberalism (New York: Routledge, 2016)CrossRefGoogle Scholar.

2 For a literature on the Anthropocene, see Christophe Bonneuil and Fressoz, Jean-Baptiste, The Shock of the Anthropocene: The Earth, History and Us (London: Verso, 2017, Reprint Edition)Google Scholar; Mcneill, J.R. and Engelke, Peter, The Great Acceleration: An Environmental History of the Anthropocene Since 1945 (Cambridge, MA: Harvard University Press, 2016, Illustrated Edition)Google Scholar; Davies, Jeremy, The Birth of the Anthropocene (Oakland: University of California Press, 2016)CrossRefGoogle Scholar.

3 See Garavini, Giuliano, After Empires: European Integration, Decolonization, and the Challenge from the Global South, 1957–1985 (Oxford: Oxford University Press, 2012)Google Scholar; Basosi, Duccio, Finanza e petrolio. Gli Stati Uniti, l'oro nero e l'economia politica internazionale (Venezia: LA TOLETTA Edizioni, 2013)Google Scholar; Spiro, David E., The Hidden Hand of American Hegemony: Petrodollar Recycling and International Markets (Ithaca, NY: Cornell University Press, 1999)CrossRefGoogle Scholar.

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5 See, for example, Smil, Vaclav, Energy and Civilization: A History (Cambridge, MA: MIT Press, 2017)CrossRefGoogle Scholar; Smil, Vaclav, Energy in World History (Essays in World History) (Boulder, CO: Westview Press, 1994)Google Scholar; Nef, J.U., The Rise of the British Coal Industry (New York: Routledge, 1966)Google Scholar.

6 Mitchell, Timothy, Carbon Democracy: Political Power in the Age of Oil (London: Verso, 2011)Google Scholar.

7 See Vitalis, Robert, Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy (Stanford, CA: Stanford University Press, 2020)CrossRefGoogle Scholar for an overview of the myths around the oil industry, particularly relating to OPEC.