Neoliberal Structural Change And The Electricity Sector: A Régulationist Analysis by Lynne ChesterNeoliberal Structural Change And The Electricity Sector: A Régulationist Analysis by Lynne Chester

Neoliberal Structural Change And The Electricity Sector: A Régulationist Analysis

byLynne ChesterEditorLynne Chester

Hardcover | October 8, 2018

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This book presents an unparalleled account of the drivers and outcomes of electricity sector liberalisation, and argues that this industrial restructuring has created pervasive threats to long-term economic growth, financial market stability, environmental degradation and society's well-being.

The hegemony of neoliberalism has led to the radical restructuring of industry sectors of which electricity is a very prominent example. Australia has been at the forefront of this restructuring with a more liberalised electricity sector than the UK, the European Union or the US. Electricity sector restructuring is generally treated as synonymous with regulatory change and the creation of electricity trading markets. Using the Australian electricity sector as a case study, this book strongly demonstrates that the transformation of all electricity sectors has been driven by a much wider range of forces.

This book, however, goes beyond the drivers of electricity sector liberalisation which provide the context for the book's three fundamental objectives. First, the book aims to present a cogent analysis of the immediate and short-term outcomes of this global restructuring. Secondly, it reveals the more widespread and insidious longer-term consequences of this industry restructuring and proposes policy solutions to prevent them becoming hallmarks of 21stcentury capitalism. Finally, the book seeks to demonstrate the strengths of a r'lationist analysis to explain structural change; it sets it against mainstream neoclassical economics, which is limited to the economic and quantitative. By examining the real, complex and often contradictory nature of change this book provides both a contribution to the evolution of r'lation theory and important new insights into neoliberal electricity sector restructuring.

Lynne Chester is a Lecturer in the Department of Political Economy, University of Sydney, Australia.
Title:Neoliberal Structural Change And The Electricity Sector: A Régulationist AnalysisFormat:HardcoverDimensions:256 pages, 9.41 × 7.24 × 0.98 inPublished:October 8, 2018Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415634911

ISBN - 13:9780415634915

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Table of Contents

Introduction  Part A: Electricity liberalisation as neoliberalism sweeps the globe  1 ' Global transformation  2 ' How Australia became the exemplar  Part B: The short-term outcomes of the Australian transformation  3- Higher wages for how long?  4 ' Debt, derivatives and financial precipice  5 - An uncompetitive market  6 - Global integration  7 - The regulatory, money-hungry state  8 ' A vulnerable sector?  Part C: Long-term consequences of electricity liberalisation  9 - Energy (un)affordability  10 - Energy (in)security  11- Environmental degradation  12 - Carbon trading and derivative markets  Conclusion