Tag: economics

Counting on Zero: Imaginaries of Energy and Waste in the New Green Economy

When the Indian government promoted the large scale introduction of solar energy for powering traditional charkhas (wooden wheels used to spin khadi or homemade cloth) in early 2016, the fabric was rebranded “zero carbon” and sold as “green khadi.” Few journalists covering the new development seemed to notice that khadi in its original form was already zero carbon: woven on wooden spinning wheels without electricity or additional machinery, the production process of khadi is inherently environmentally friendly. The rebranding of khadi as “zero carbon” in the face of its waning popularity marks a decisive cultural shift away from traditional frameworks in which the cloth has historically been given importance. Khadi has historically represented the overthrow of colonialism, the virtues of labor, and the mantra of self-reliance popularized by Gandhi during the freedom struggle. In the early twenty-first century, however, khadi is being rebranded for an environmentally conscious global market. The invocation of (more...)

Hardwired Hayek: Lessons for economic anthropology from electricity markets

For most of its history in the US, electricity has been a monopoly commodity: in a delimited territory, only one company was legally allowed to produce and deliver electricity to consumers. This state of affairs started to be challenged in the 1970s, when, in accordance with the neoliberal wave, a number of infrastructural services (e.g., airlines, telecommunications) were deregulated, meaning, they were made competitive by law. Electricity followed in the 1990s. First, the Energy Policy Act of 1992 allowed states to break monopolistic utilities into separate production and delivery companies. This act also allowed states to take technological measures to ensure that new companies could plug into the electric grid to sell or buy electricity. And then the Federal Energy Regulatory Commission (FERC) introduced the concept of electricity markets—computational processes through which prices are set for all buyers and sellers, and which are operated by non-profit operators of the transmission (more...)