Tuesday , December 18 2018
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Tag Archives: economics

Arctic oil decline

Arctic oil

The rocks beneath the Arctic may be awash with oil, but it seems that few energy companies are in a hurry to extract it.  In Alaska, attempts by the Trump administration to revitalise the Arctic oil industry seem to have fallen flat.  According to VOA News: “Seven bids were received, …

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Science ‘v’ Economics criticisms work both ways

Fish counter

These days it is almost a given that economics is not grounded in reality.  As the old joke has it: Q: What do you call an economist who makes a prediction? A: Wrong. The failure of thousands of extremely well-paid economists to see the 2008 crash coming did irrevocable harm …

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