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"Energy policy in America since 1945. A study of business–government relations" by Richard H. K. Vietor

Studies in Economic History and Policy: USA in the Twentieth Century

In the political economy of energy, World War II was a significant watershed: It accelerated the transition from dependence on coal to petroleum and natural gas. At the same time, mobilization provided an unprecedented experience in the management of energy markets by a forced partnership of business and government. Vietor covers American policy from 1945 to 1980.

For readers convinced that big business contrived the energy crisis of the 1970s, this story will be disappointing, but enlightening. For those committed to theories of regulatory capture or public interest reform it should be frustrating. More than a history of government policy making, this book provides us with an innovative and insightful approach to the study of business-government relations in modern America. For managers, bureaucrats, and anyone interested in seeing a more effective national industrial policy, this history should put the relationship of business and government in a critical new perspective.

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Contents

List of charts and figures;

List of tables;

Editors' preface;

Acknowledgments;

List of abbreviations;

1. Introduction: the political economy of energy;

Part I. The Transition to Peace and Fluid Fuels, 1945–1958

2. The foundations of postwar policy;

3. 'Stepping left out' with synthetic fuels;

4. Regulating natural gas in the absence of economics;

5. Oil imports: the failure of voluntarism;

Part II. Managing Surplus Through the Politics of Stasis, 1959–1968

6. Oil import quotas;

7. Formula for shortage: natural gas price controls;

8. Sunfuels revisited: nostrum for the coal industry;

Part III. The Second Energy Transition: Adjustment to Depletion, 1969–1980

9. Energy crisis and structural change;

10. Equity versus efficiency: oil price controls;

11. Natural gas: the dilemma of regulatory transition;

12. Natural gas: the consequences of scarcity;

13. National energy management;

14. Business, government, and public policy;

Index.

Reviews

Transferred to digital printing 2004. Online Publication - November 2009

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