Central to economics is the concept of marginal utility. How do we value means and ends that they move from our scales of preferences to demand and supply curves. The theory of marginal utility addressed the value paradox which brought about the question of why people value gold more than…

How do people purchase electricity in the U.S.? Electricity is traded at the wholesale and retail level. In general, most people get their electricity from investor-owned utilities (IOUs) or customer owned utilities (COUs). The IOUs are private companies, and are usually given service territory franchising rights within the states they…

On the 20th of October 2020, the Nigerian government killed its own citizens for protesting for their right to live. We shall never forget Black Tuesday. The 2020 Nigerian Youth Revolution started under the aegis of the #EndSARS with so much promise. For the first time in a long time…

By Tam Alex and Adedamola Ogunbewon Please read the first part of this article where we answer the following questions: what is money and why is it necessary? The Central bank and the supply of money The Central Bank of Nigeria (CBN) was established by the CBN Act of 1958. As contained in the more recent 2007 Act…

By Tam Alex and Adedamola Ogunbewon In April 2021 the governor of Edo state, Godwin Obaseki, said that the Federal government printed an additional NGN 60 billion to be shared at the Federation Account Allocation Committee (FAAC), between all the states. This was denied by the Minister of finance, Hajia…

I consider ERCOT to be the greatest electricity markets in the world, but in February 2021 it was brought to its knees. I had questions and needed to get to the bottom of this. This was my attempt at answering those questions. — We were awake at 2am when the power went off on Monday the 15th of February 2021. It was the President’s day holiday. Our apartment was still warm, so it was not bad. By 6am the apartment was freezing, so I put on my winter jacket and then went back…

Mitchell Harvey and Tam Alex In Economic Facts and Fallacies, Thomas Sowell argues that housing regulation and zoning laws, not markets, are to blame for the modern scourge of unaffordable housing. Sowell is still right. …

By Mercy Dominic In the wake of the insecurity and general unrest following the #EndSARS protest last year, Nigerians received a reminder that their right to freedom of speech has been under threat for quite some time now. …