Modern economies are better prepared for an energy shock than in the 1970s, but there are still big risks ahead.
Articles on Oil shock 1973-74
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Nations’ stores of petroleum can dampen price shocks in the short term, but as reserve supplies dwindle, economic pain may continue.
Past crises show heavy state intervention can backfire – what should New Zealand do differently this time?
Oil isn’t a normal commodity – it shapes politics around the world.
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
The Whitlam government’s economic performance was certainly not perfect. But it deserves a better reputation than it has.
The US economy is cooling, yet inflation remains elevated, a combo that suggests stagflation might be right around the corner.
How far back in history does one have to go to find the roots of the so-called Islamic State? The first article in our series on the genesis of the terrorist outfit considers some fundamentals.
Top contributors
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Professor of Modern Middle Eastern History, University of California, Los Angeles
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Professor of Banking and Economics, University of Winchester
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Associate Professor of Economics, Pace University
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Senior lecturer, Canberra School of Government, University of Canberra
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Professor of Transport Technology and Sustainability, Swinburne University of Technology
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Professor of Energy Economics, University of Auckland, Waipapa Taumata Rau
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Lecturer in International Studies, University of Washington
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Associate Professor, Economic History, The University of Melbourne