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Palgrave Macmillan
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Oil and the Western Economic Crisis

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  • © 2017

Overview

  • Places oil at the centre of analysis of the present economic crisis
  • Demonstrates the place of geo-politics in the present economic predicaments
  • Offers an original account of the west arrived at the present crisis from the 1970s

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Table of contents (5 chapters)

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About this book

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. 

Authors and Affiliations

  • University of Cambridge , Cambridge, United Kingdom

    Helen Thompson

About the author

Helen Thompson is Professor of Political Economy in the Department of Politics and International Studies at the University of Cambridge, UK. She is currently principal investigator on a research project on austerity and its consequences within the EU, which is financed by the Philomathia Foundation. 



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