
Thin on Kuwait specifically, strong on the Gulf as a capital bloc. There is a notable gap: the 1982 Souk al-Manakh crash, one of the largest stock market collapses in history relative to GDP, still has no book-length English account. Crystal on ruler-merchant bargains and Hanieh on Gulf capital are the foundation.
A class analysis of the Gulf states that rejects the standard rentier-state view.
How the Gulf states became central to the Middle East's political economy after 2011.
How oil revenue let rulers buy out the merchant families; the origin of the modern business elite.
Petrodollar recycling and the boom-bust cycle Gulf investors keep repeating.
How oil rebuilt Kuwait City and how land deals made its merchant fortunes.
Sovereign funds, diversification plans and the limits of the rentier bargain.
Includes the Souk al-Manakh episode and the Kuwait Investment Office.