ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Political Economy of Oil

The Political Economy of International Oil and the Underdeveloped Countries by Michael Tanzer; Beacon Press, Boston, 1969; pp 435 ; MORE books have probably been written about oil and the oil barons than about any other mineral or set of minerals but Tanzer's book with its long and self-explanatory title has particular importance because it deals in some detail with India as a case study in the political economy of international oil. The details are revealing and the conclusions drawn from them highly educational. But they are not nearly enough and a larger study is indicated. In that sense this book is an appetiser- It is divided into three parts: the first part deals with the structures and policies of those giant international oil corporations which have so much say in the production, refining and market" ing of this essential product. This, of course, has been done competently by others but Tanzer brings to his work a fresh and radical approach and new insghts so -essential to an understanding of what the basic economes of international oil are all about.

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