Beschreibung:
This book provides a clear-eyed analysis of questions at the intersection of commodity markets, natural resource economics, and public policy.
1. Introduction: the revenge of the old economy; 2. A twenty-first-century supercycle? Long-term trends in metal and energy prices; 3. Volatility in global food markets; 4. Financial speculation in commodities markets; 5. The implications of oil prices for the US economy and lessons learned from the 2011 Strategic Petroleum Reserve release; 6. The gold standard as an alternative money regime; 7. Conclusion.