Edited by Louis-Philippe Rochon and Sergio Rossi
Chapter 18: Rethinking energy
The energy regime upon which capitalism is dependent is not the object of analysis for mainstream economics. Energy is treated by mainstream economics as an abstract adjunct to the capitalist economy in the form of inter alia an intermediate production input, a market, a commodity, a relationship to economic growth or the source of production externalities such as resource depletion and pollution. This chapter posits an alternative analytical framework drawn from French Régulation theory, which, using institutions as the focus of enquiry, situates the analysis of energy within its context of use within capitalism and the processes of economic change.
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