Category Archives: Economics

Incentives matter, so best not ignore them.

A story was doing the rounds last week that was drawing praise and admiration from various quarters: The idea began percolating, said Dan Price, the founder of Gravity Payments, after he read an article on happiness. It showed that, for … Continue reading

Posted in Business, Economics, USA | 3 Comments

Visiting Russia just got Harder

I missed this, but late last year Russia introduced compulsory fingerprinting for all foreign visitors: Russia’s President Vladimir Putin has ordered fingerprinting of foreigners as part of the processing of visas to enter the country. … The decree, signed by … Continue reading

Posted in Economics, Politics, Russia, Travel | 5 Comments

Beware of a Man in Search of a Legacy

Historical legacies are interesting things, offering as they do a chicken and egg situation.  Was Napoleon motivated foremost to secure his name in history and his deeds merely the methods he used to do it?  Or did he simply fancy … Continue reading

Posted in Economics, Oil & Gas, Politics, Russia | 11 Comments

Tough Times for Ronald in Russia

I was once told a story by an American who found himself working in Russia in the early 1990s.  He had met a fellow American who was involved with the opening of McDonald’s in Moscow, and the latter was finding things rather … Continue reading

Posted in Economics, Russia | 12 Comments

The False Start of Electric Cars

I have noticed that there is considerable optimism in some quarters about the future of electric cars, and many people are pointing to Norway as a sign that the internal combustion engine may be on the way out: Norway may … Continue reading

Posted in Climate Change, Economics, Engineering, Norway, Politics | 13 Comments

Expect Trouble Over Nigeria’s Removal Of Fuel Subsidies

Fortunately Boko Haram never made good on their threat to bomb Lagos, which had the authorities send hoardes of security personnel onto the streets and our security department sending telling us to stay out of nightclubs on New Year’s Eve. … Continue reading

Posted in Economics, Nigeria | 2 Comments

Why Some Countries are Poor

“Why do some places prosper and thrive while others just suck?”, asks P.J. O’Rourke at the start of Eat the Rich, “It’s not a matter of brains.  No part of the earth (with the possible exception of Brentwood) is dumber … Continue reading

Posted in Business, Economics, Nigeria, Russia | 15 Comments

Apple Jumps ExxonMobil

There was much masturbatory journalism going around last month when Apple overtook ExxonMobil as the world’s most valuable company.  Apple is one of those enormous American corporate behemoths which dimwitted lefties (which adequately describes most journalists) don’t mind, mainly because … Continue reading

Posted in Economics | 6 Comments

Russian Economics

An understanding of basic economics was always in short supply in the Soviet Union, and it is not exactly in abundance in modern Russia. Natural gas is undervalued and its price less susceptible to producer influence than oil because long-term … Continue reading

Posted in Economics, Oil & Gas, Russia | 2 Comments

Reavealed Preferences in Venezuela

There’s nothing quite like like a dose of economic reality to reveal preferences:  Venezuela increased oil shipments to the US in January, despite President Hugo Chavez’s anti-US rhetoric and a promise to Opec to cut output, the US Department of … Continue reading

Posted in Economics, Oil & Gas | Comments Off on Reavealed Preferences in Venezuela