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Introduction

In: The Real Oil Shock

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  • Ryan C. Smith

Abstract

Oil and finance have long played central roles in defining how the global economy has developed and this is especially true of the modern neoliberal economic system. One factor of their relationship that is often unexamined is how oil industry profits and liquid capital influence the developments of finance. Understanding their relationship during the modern period first requires understanding this petrocapital cycle, how it influences economic development, and the ways that its rise to prominence in the 1970s transformed the global capitalist financial system.

Suggested Citation

  • Ryan C. Smith, 2022. "Introduction," Springer Books, in: The Real Oil Shock, chapter 0, pages 1-6, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-07131-7_1
    DOI: 10.1007/978-3-031-07131-7_1
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