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Energy Economics after the Oil Shock in America and West Germany

The Rise of Ecological Modernization

Bibliographic Data

ID10150896
AuthorsStephen Gross (0000-0003-0711-787X), Stephen G Gross (New York University, corresponding author)
Year2023
Volume95
Issue1
Pages111-148
Publication date2023-03-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueThe Journal of Modern History (JOURNAL)
Journal identifiersISSN: 0022-2801 • E-ISSN: 1537-5358
PublisherUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/723829
OpenAlexW4361250876
LanguageEN
References cited41

This article traces the rise of a new approach to market governance among economists during the 1970s and 1980s in West Germany called Ecological Modernization. Its advocates crafted a range of state levers that aimed to place economic growth on a sounder environmental foundation. These energy and environmental economists defy easy categorization and complicate the conventional dichotomy between Keynesianism and neoliberalism that has often characterized the history of postwar economic thought. By trying to actively restructure the economy and reshape consumer behavior, these new experts designed the policy instruments that today are being suggested to fight climate change. This article shows how many of these ideas originated in the United States during the 1970s but never cohered into a new paradigm there. Eventually they found a more receptive home in Western Europe, specifically West Germany, during the 1980s. By tracing this divergence in economic thought, this essay aims to shed light on why the United States and West Germany have followed different policy trajectories in matters of energy and the environment since the 1990s. It also seeks to provide an intellectual history for some of the most pressing energy and environmental policy instruments today

Corporate governance · Ecological modernization · Economic system · Economics · Economy · Environmental governance · Modernization theory · Neoliberalism (international relations) · Political economy · Political science · Politics · Restructuring · Shock (circulatory) · Climate Change Policy and Economics · Environmental Impact and Sustainability · Global Energy and Sustainability Research · Law

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