Iran: From Monarchy to Theocracy

The book explores Iran's transformation from an agrarian society to an industrialized nation under the Pahlavi dynasty, emphasizing the impact of pro-Western modernization policies and U.S. support. It examines the economic diversification efforts post-1979 revolution within the context of a theocratic regime. Through an econometric analysis from 1955 to 2017, the author presents a growth model that incorporates both physical and human capital, highlighting its relevance to various countries, particularly those reliant on oil.