In This Review

The Myth of the OPEC Cartel: The Role of Saudi Arabia
The Myth of the OPEC Cartel: The Role of Saudi Arabia
By Ali D. Johany
Wiley, 1980, 107 pp
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A Saudi economist sets out to prove that OPEC is not a cartel-in the sense of having fixed prices, production quotas and a central managing mechanism-and he succeeds. He also describes and defends the Saudi policy of keeping production up and prices down.