In the 1990s Transco used to be responsible for Rough before it became Centrica's responsibility. I was then part of a project advising Transco on storage. It was clear to us at the time that th… (View Post)

Sorry @Carnyx, Sir W. Arthur Lewis. (View Post)

China looks to me more like an example of the Lewis model of development growth with perfectly elastic labour supply as huge numbers migrate from rural agriculture to urban manufacturing. It is not a… (View Post)

What did the Romans ever do for the Romans, eh? (View Post)

Variations in countries' dispersions of IQ scores are probably as meaningful and consequential as variations in averages. (View Post)