A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fast

As commodity markets have continued their expansion an extensive and complex financial industry has developed to service them. This industry includes hundreds o

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our u

This book provides a clear-eyed analysis of questions at the intersection of commodity markets, natural resource economics, and public policy.

The early 21st century has seen a prolonged price boom in non-fuel commodities, coupled with a volatile performance in fuel prices. This new collection presents