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, …
Read More »Science ‘v’ Economics criticisms work both ways
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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