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M. A. Adelman is one of the preeminent authorities on the economics of mineral resources. This book brings together his work, written over the past thirty years, on mineral depletion and the nature of monopoly in world oil. Organized into three groups, the twentyseven papers cover theory and measurement of mineral scarcity and depletion, analysis of the O.P.E.C. cartel and control of the oil market, and public policy problems and options. M. A. Adelman is Professor Emeritus in the Department of Economics at the Massachusetts Institute of Technology.
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