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Olduvai III: Catacylsm
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Why “supply and demand” doesn’t work for oil

Why “supply and demand” doesn’t work for oil The traditional understanding of supply and demand works in some limited cases–will a manufacturer make red dresses or blue dresses? The manufacturer’s choice doesn’t make much difference to the economic system as a whole, except perhaps in the amount of red and blue dye sold, so it is […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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