Transforming power: social science and the politics of energy choices

This paper addresses key implications in momentous current global energy choices – both for social science and for society. Energy can be over-used as a lens for viewing social processes. But it is nonetheless of profound importance. Understanding possible ‘sustainable energy’ transformations requires attention to many tricky issues in social theory: around agency and structure and the interplay of power, contingency and practice. These factors are as much shaping of the knowledges and normativities supposedly driving transformation, as they are shaped by them. So, ideas and hopes about possible pathways for change – as well as notions of ‘the transition’ itself – can be deeply constituted by incumbent interests. The paper addresses these dynamics by considering contending forms of transformation centring on renewable energy, nuclear power and climate geoengineering. Several challenges are identified for social science. These apply especially where there are aims to help enable more democratic exercise of social agency. They enjoin responsibilities to ‘open up’ (rather than ‘close down’), active political spaces for critical contention over alternative pathways. If due attention is to be given to marginalised interests, then a reflexive view must be taken of transformation. The paper ends with a series of concrete political lessons

Economic Complexity and the Role of Markets

When used in those spheres of life where attaching a price tag or making an economic calculus is impossible or loses any meaning, markets usually under perform and disappoint. In addition to empirical shortcomings of markets, the unrealistic theoretical assumption and poor predictive and explanatory value of neoclassical equilibrium theory provides fertile ground for critics of the institution of markets. Complexity theory provides a theoretical framework that enables us to analyze the role of markets from a radically different perspective than that offered by neoclassical equilibrium theory and, therefore, to reach very different conclusions about the role of markets in industrialized economies.complex systems, market economy, market efficiency,

Oil and the political economy of energy

The key issues concerning oil exploitation are still open for discussion: there is no agreement about where we presently stand in the world oil extraction curve, what is its exact shape, and how far can oil price grow before it changes irreversibly the world economy and consumer behavior. The paper proposes an alternative scenario to the Hubbert's bell-shaped model of oil exploitation, based on more realistic assumptions regarding political agendas in oil-exporting countries and consumer behavior dynamics in oil-importing countries. Under this scenario, the joint impact of markets and public policy in oil importing countries together with "resource pragmatism" policy in oil-exporting countries allows for a less steep oil supply curve with a much fatter tail compared to the Hubbert's model.Peak-oil Hubbert's curve Oil transition