Skip to content
Register Sign in Wishlist

Commodity Markets and the Global Economy

$36.99 (P)

  • Date Published: October 2015
  • availability: In stock
  • format: Paperback
  • isbn: 9781107616929
Average user rating
(1 review)

$ 36.99 (P)

Add to cart Add to wishlist

Other available formats:
Hardback, eBook

Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • In an era defined by financial upheaval, few parts of the economy have witnessed the kind of volatility seen in commodities markets. In this book, Blake Clayton, a Wall Street analyst and adjunct fellow at the Council on Foreign Relations, draws on the latest thinking from academia and the private sector to deliver a clear-eyed analysis of pressing questions at the intersection of commodity markets, natural resource economics, and public policy. The result is a work that challenges the conventional wisdom about how these markets function and provides a fresh perspective on what public policy can do to improve them.

    • A clear-eyed analysis of today's most controversial debates about energy and other commodity markets
    • Speaks to current debates about energy, monetary policy, and economic development
    • Draws connections between a wide range of issues at the intersection of commodity markets, alternative investments, macroeconomics, and public policy
    Read more

    Reviews & endorsements

    "Through his experience in the academy, think-tanks, and leading private companies, Dr Blake Clayton is uniquely well-placed to make sense of the complex events of the recent past in the highly volatile commodity markets. Accordingly, if one wants an accessible, even-handed view of the myriad of competing forces that are shaping commodity markets, a reader will not be able to find a better book than Commodity Markets and the Global Economy."
    Hilary Till, Principal, Premia Capital Management, LLC, and Co-Editor, Intelligent Commodity Investing

    "Blake Clayton's book is a sweeping analysis of rapidly changing commodity markets, a highly volatile sector with important consequences for the rest of the economy. He describes the massive financial influx into commodity markets over the last decade and explores its consequences. Most valuably, he organizes his analysis around four central tensions: between net importers and net exporters; governments and private companies; nationalism and international cooperation; and physical and financial aspects of the modern commodity trade. Clayton demonstrates superb judgment and intuition in identifying crucial issues and questions."
    Jeff D. Colgan, Brown University

    "This book of essays by Blake Clayton is unified by its focus on what is new and what is persistent about commodities in the global economy and what has brought them to the fore of debates both national and global over the past fifteen years. It is a brave and distinguished effort to enhance our understanding of the geoeconomics of commodities."
    Edward L. Morse, Managing Director and Global Head of Commodity Research, Citigroup

    "An illuminating look at commodity markets and the pivotal issues surrounding them. Blake Clayton places the recent developments regarding several critical commodities in a broad historical context, giving the reader valuable insights and a framework to better understand the scope of challenges in these markets."
    Mine Yücel, Federal Reserve Bank of Dallas

    "In this quick read, commodity expert Blake C. Clayton provides a good overview of key supply and demand issues in the varied global markets."
    Mark S. Rzepczynski, CFA Institute Book Reviews

    See more reviews

    Customer reviews

    13th Jun 2016 by Arkhipov

    Ideas of the author were fine, good argumentation. However the language is just unreadable for a non-native speaker. It just does not flow, hard to follow more than 3-7 pages in one go. Perhaps a good editor can assist next time.

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: October 2015
    • format: Paperback
    • isbn: 9781107616929
    • length: 211 pages
    • dimensions: 228 x 152 x 12 mm
    • weight: 0.3kg
    • contains: 55 b/w illus.
    • availability: In stock
  • Table of Contents

    1. Introduction: the revenge of the old economy
    2. A twenty-first-century supercycle? Long-term trends in metal and energy prices
    3. Volatility in global food markets
    4. Financial speculation in commodities markets
    5. The implications of oil prices for the US economy and lessons learned from the 2011 Strategic Petroleum Reserve release
    6. The gold standard as an alternative money regime
    7. Conclusion.

  • Author

    Blake C. Clayton, Citigroup and Council on Foreign Relations, New York
    Blake Clayton is a stock analyst at Citigroup in New York, where he covers oil and gas companies and master limited partnerships. Prior to joining Citigroup, Dr Clayton was a fellow at the Council on Foreign Relations, where he currently serves as an adjunct fellow on energy. He holds a doctorate from the University of Oxford.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.