The Scientific Essence of Economy — Capitalism and Socialism versus a Democratic Competitive Market Economy
All economies are competitive market economies The purpose of this essay is to define what should properly be understood as ‘economy’ in the sense of…
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Putin the Pontiff – Bridge Maker
The word pontiff derives from the Latin pontifex, which in itself is the combination of pons for bridge and fex (facere) meaning to make. Probably…
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Russia’s Reliance on Imports Has Dramatically Decreased as Its Diversified Economy Has Substituted Most Imports
The Russian Central Bank is guided (among other considerations) in its inflation expectations by statistics produced by Rosstat (Russia’s governmental statistics agency) concerning the size…
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Russia Still World’s Sixth Largest Economy
Fresh data from the IMF (International Monetary Fund) shows that Russia has retained its place among the World’s largest economies. In the 2015 ranking, it…
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Share of Oil and Gas in Russia’s Tax Revenue Dropped to 21%, but the Threatened Devastation Failed to Materialize
We were being hammered with the message that Russia is nothing more “than a gas station masquerading as a country”. Russia’s economy was supposed to…
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