In This Review

The World Copper Industry
The World Copper Industry
By Raymond Mikesell
Johns Hopkins Press (for Resources for the Future), 1979, 393 pp

This is a very valuable study of an important, troubled industry. Professor Mikesell, a seasoned economist who has long been familiar with mining, provides a mass of basic information and succinct analyses of such controversial issues as pricing, foreign investment, the market power of producers, nationalization and conservation. The way to bridge the gap between foreign firms and the governments of producing areas, he believes, is through more imaginative contracts and some presence for international financial agencies. Except for two econometric chapters on supply and demand, the book is addressed to the general reader.