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Market solutions for state problems: the international and domestic politics of American oil decontrol


The dramatic upheaval in oil prices in the 1970s posed difficult policy dilemmas for the United States. Like other industrial importing nations, the United States was forced to make decisions concerning how to adjust its economy and society to the new and troubling international energy reality. From the Nixon to the Carter administrations, government officials attempted to implement policies of energy adjustment. These efforts began with ill-fated international schemes to form a “consumer cartel” of industrial nations, and ended with the decision in 1979 to decontrol oil prices.

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Arthur W. Wright , “The Case of the United States: Energy as a Political Good,” Journal of Comparative Economics 2 (1978), p. 171.

Peter J. Katzenstein , “International Relations and Domestic Structures: Foreign Economic Policies of Advanced Industrial States,” International Organization 30 (Winter1976)

Nettl , “The State as a Conceptual Variable,” World Politics 20 (071968), p. 567

Peter A. Hall , Governing the Economy: The Politics of State intervention in Britain and France (New York. Oxford University Press, 1986).

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International Organization
  • ISSN: 0020-8183
  • EISSN: 1531-5088
  • URL: /core/journals/international-organization
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