Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an...

1. A Brave New Middle East: The Birth of a New Era. - 2. The Anti-Development State: Economic Origins of Arab Upheavals. - 3. The Advent of Economic Globalization: A Prelude to Crisis. - 4. The Great Recession: Collapse of the Arab Crony Capitalism. - 5. The New Powerbrokers: Political Islam and...