A Prelude to the Foundation of Political Economy: Oil, War, and Global Polity (The Economics of the Middle East)

A Prelude to the Foundation of Political Economy is a groundbreaking volume of theory and strategy on political economy and polity of the twenty-first century. Distilled in concrete terms, it elucidates the enigma of oil in view of the centrality of global social relations. This is a groundbreaking volume of theory and strategy on political economy and polity of the twenty-first century, which unites domains of economics, politics, international relations, and the environment in an organic whole. Distilled in concrete terms, it elucidates the enigma of oil in view of the centrality of global social relations and with respect to two major exigencies of our time, namely, world peace, and defense of our ecosystem. A Prelude to the Foundation of Political Economy also highlights the need for detachment of US foreign policy from dependence on oil, to reveal rather vividly the illusion of America's power and leadership. This book is a wakeup call to the altered reality in which we live Front Matter....Pages i-xii Introduction....Pages 1-15 World Oil and the Crisis of Globalization....Pages 17-43 World of Modern Petroleum and the Oil Rent....Pages 45-74 OPEC: Beyond Political Battering and Economic Romanticism....Pages 75-96 The Globalization of Oil....Pages 97-128 Oil and Capital: “Logic” of History and “Logic” of Territory....Pages 129-158 The Globalization of Energy....Pages 159-174 War, Oil, and Conundrum of Hegemony....Pages 175-200 Back Matter....Pages 201-245