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Oil and the Western economic crisis Helen Thompson

By: Material type: TextTextSeries: Building a Sustainable Political Economy: SPERI Research & PolicyPublication details: Cambridge, UK : PALGRAVE MACMILLAN, 2017.Description: xii, 118 p. : 23 cmISBN:
  • 9783319525082
Subject(s): DDC classification:
  • 333.7 TH OI
Online resources: Summary: This book explains the place of oil in the economic and political predicaments that now confront the West. Thompson explains the problems that the rising cost of oil posed in the years leading up to the 2008 crash, and the difficulties that a volatile oil market now poses to economic recovery under the conditions of high debt, low growth and quantitative easing. The author argues that the 'Gordian knot' created by the economic and political dynamics of supply and demand oil in the present international economy poses a fundamental challenge to the assumption of economic progress embedded in Western democratic expectations.
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Item type Current library Call number Status Date due Barcode
REGULAR University of Wollongong in Dubai Main Collection 333.7 TH OI (Browse shelf(Opens below)) Available T0056589

This book explains the place of oil in the economic and political predicaments that now confront the West. Thompson explains the problems that the rising cost of oil posed in the years leading up to the 2008 crash, and the difficulties that a volatile oil market now poses to economic recovery under the conditions of high debt, low growth and quantitative easing. The author argues that the 'Gordian knot' created by the economic and political dynamics of supply and demand oil in the present international economy poses a fundamental challenge to the assumption of economic progress embedded in Western democratic expectations.

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