Real Oil Shock

Explore the profound impact of the 1973 OPEC Oil Embargo and the 1979 Oil Shock on modern financialization in Real Oil Shock by Ryan C. Smith. Published by Springer International Publishing AG in 2022, this hardback edition spans 242 pages and delves into how these pivotal events facilitated a dramatic transfer of wealth from the industrialized capitalist world to OPEC nations. Smith meticulously analyzes the resulting creation of a vast pool of liquid capital, a topic often overlooked in discussions about economic history. This insightful book is essential for anyone interested in understanding the intricate connections between global oil politics and financial systems. Discover the key factors that shaped today's economic landscape with Real Oil Shock.