Commodities have become an important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilize

Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our u

This book shows how current and recent market prices convey information about the probability distributions that govern future prices. Moving beyond purely theo

(Now available from Productivity Press, Cambridge, Mass.)

A rigorous but practical introduction to the economic, financial, and political principles underlying commodity markets. Commodities have become one of the fast