The Real Oil Shock: How Oil Transformed Money, Debt, and Finance - Ryan C. Smith - Books - Springer International Publishing AG - 9783031071300 - September 1, 2022
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The Real Oil Shock: How Oil Transformed Money, Debt, and Finance 2022 edition

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What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible. Here, it will be demonstrated that the dramatic transfer of wealth from the industrialized, capitalist world to OPEC’s members triggered by the Oil Embargo and the Oil Shock created a vast pool of liquid capital.


90 Illustrations, black and white; Approx. 240 p. 90 illus.

Media Books     Hardcover Book   (Book with hard spine and cover)
Released September 1, 2022
ISBN13 9783031071300
Publishers Springer International Publishing AG
Pages 242
Dimensions 217 × 153 × 22 mm   ·   470 g
Language German  

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