New Books in Economics

Adam Hanieh, "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market" (Verso, 2024)

Nov 2, 2024
Adam Hanieh, a Professor of Political Economy and Global Development, dives into the vital role of oil in our economy. He explores how corporate power has shaped oil pricing and distribution, revealing the intricate ties between oil and capitalism. The conversation highlights the significance of oil in geopolitical conflicts, especially post-WWII, and examines the impacts of the petrochemical revolution. Hanieh also critiques oversimplified narratives surrounding the climate crisis, urging a deeper understanding of capitalism's role in environmental challenges.
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