Liberty and the Exploitation of Natural Resources


This conference explored the role of non-renewable natural resources in economic development and the consequences such exploitation may have for freedom in Brazil.


Conference Readings

Corden, W. Max and J. Peter Neary. “Booming Sector and De-Industrialisation in a Small Open Economy.” The Economic Journal 92, no. 368 (December 1982): 825-848.

DiJohn, Jonathan. From Windfall to Curse? Oil and Industrialization in Venezuela, 1920 to the Present. University Park: The Pennsylvania State University, 2009.

Hartwick, John M. “Intergenerational Equity and the Investing of Rents from Exhaustible Resources.” The American Economic Review 67, no. 5 (December 1977): 972-974.

Hotelling, Harold. “The Economics of Exhaustible Resources.” The Journal of Political Economy 39, no. 2 (April 1931): 137-175.

Karl, Terry Lynn, “Ensuring Fairness. The Case for a Transparent Fiscal Social Contract” In Escaping the Resource Curse, edited by M. Humphreys, J. D. Sachs and J. E. Stiglitz, 257-285. New York: Columbia University Press, 2007.

Krueger, Anne O. “The Political Economy of the Rent-Seeking Society.” American Economic Review 64, no. 3 (June 1974): 291-303.

Listhaug, Ola. “Oil Wealth Dissatisfaction and Political Trust in Norway: A Resource Curse?” West European Politics 28, no. 4 (September 2005): 834-851.

Postali, Fernando Antonio Slaibe. “Petroleum royalties and regional development in Brazil: The economic growth of recipient towns.” Elsevier Ltd., Resources Policy, 34  (2009): 205-213.

Ross, Michael L. “The Political Economy of the Resource Curse.” World Politics 51, no. 2 (January 1999): 297-322.

Ross, Michael L. “Does Oil Hinder Democracy?” World Politics 53 (April 2001): 325-361.

Shaxson, Nicholas. “Oil, corruption and the resource curse.” International Affairs 83, no. 6 (2007): 1123-1140.

Simon, Julian. The Ultimate Resource. Princeton: Princeton University Press, 1983.

Tullock, Gordon. The Selected Works of Gordon Tullock, Volume I: Virginia Political Economy. Edited by Charles K. Rowley. Indianapolis: Liberty Fund, Inc., 2004.