How Russia dodges oil sanctions on an industrial scale
In the year since the war in Ukraine began, once-dominant Western firms have pulled back from trading, shipping and insuring Russian oil. In their place, mysterious newcomers have begun to help sell the country’s crude. They are based not in Geneva, but in Hong Kong or Dubai. Many have never dealt in the stuff before. […]
Fixing Ticketing? – Index Investing News
Let’s start with the fees. Everybody wants them baked in, except for the acts. Ironically, even those acts complaining about the fees! Everybody on the inside knows the real price of the ticket is the face price plus the fees, otherwise, the whole concert promotion paradigm doesn’t work. The promoter needs those fees to […]
Choosing to Remain in the Global Market Economy
In my recently published paper, “Should Trade’s ‘Losers’ Be Compensated?: An Exploration of the Welfare Economics of the Losses and Costs of Economic Change” (Journal of Law, Economics and Policy, 2022) I argue that the risk of job loss for each worker in an exchange economy such as ours is the price that he or […]
