Latest News

Other people’s money

28 March 2024
Open an introductory Economics textbook and one of the first things you’re likely to come across is a definition of what, exactly, Economics is. These tend to be short, for example, “The science of resource allocation” or “The study of production, exchange and consumption”.

Reader mail: Does R + F = L?

26 March 2024
My article about the equation that gives oil and gas a new lease on life has stirred up the reader mail inbox. Thanks for your feedback. Believe it or not, all of it was thoughtful and civil enough to publish…