Results for “baku”
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Baku bits, what to see in Baku

The vertigo starts, as upon arrival in the airport there are few direct clues as to which country you might be in.  You will see people from every part of this hemisphere, and furthermore the Azerbaijanis won’t stand out as such.  The facility itself looks like an average of five or six other airports, like how some TV shows film in Canada to get that generically American look.

Matters seem to go downhill as one rides into town — “Dubai, yet without the charm” is how I described it to Yana in an early, premature email.  Yet this petro-city grows on you quickly, and I don’t just mean the cherry jam.  Closer to town center there are interesting buildings in every direction, and of three sorts: the medieval Old City with walls, a blossoming of late 19th century European architecture (and they are still doing contemporary copies of it), and the Brasilia-Dubai like modern buildings.

In 1905 about half of the world’s oil was produced in or near Baku.  In 1942, it was Stalingrad that stopped Hitler from taking the place over and perhaps changing the course of history.  Not long ago, oil and gas were estimated to account for sixty percent of the gdp of Azerbaijan.

And you can see that money being spent, to the benefit of the tourist I might add.  Baku has perhaps the most attractive and walkable seaside promenade.  The walker has views of the Caspian, of spectacular buildings, of the port, and there are multiple paths with beautiful gardens and cactuses and baobab trees, benches everywhere, Eurasians in abundance, and in August the weather is perfect for a long stroll every night.

Baku is reputed to be the world’s lowest capital city, standing about 28 meters below sea level.

It is the first Shiite country I have visited, and it seems less conservative than say the Turkey of ten years ago, for instance in terms of dress and demeanor.  A small percentage of women wear burkhas, most of all by the seaside walk, but the look of their companions suggests most are tourists or expats.

In short, several generations of communist-enforced atheism do have a persistent effect.  One Azerbaijani, with whom I had an extended dialogue through a translator, stressed to me how much universal Soviet education elevated the region (and she was not pro-Soviet or pro-communist by any means).  The Azerbaijanis address me in Russian, as few can converse with ease in English.

The police go to great lengths to limit jaywalking, which is in any case dangerous.  The city roads are wide, and like some parts of central Brasilia have few traffic lights.  Never have I wished so often that I was on the other side of the street as in Baku.

Baku has three working synagogues, and, unlike in almost every other country in the world, they do not require police protection.  It is a remarkably safe city.

There is strong sentiment here that Nagorno-Karabakh, technically a part of Azerbaijan but not controlled by the government in over twenty years, is ruled by “Armenian terrorists,” backed by Putin. This issue, largely neglected outside the region, is likely to flare up again.  When I applied for a visa, I had to answer whether I come from Armenian blood (no).  It seems like a much less friendly conflict than say between the Israelis and the Palestinians.

Baku was the easternmost part of the Roman Empire — does that make it European?

“Relatives may eat your flesh but they won’t throw away your bones” is an old Azerbaijani saying.

Newborns are washed in salt water, to make them truthful and bold.

As a vacation spot, I recommend three to four days here for anyone looking for something off the beaten path, but without logistical difficulties.  Here is Wikipedia on Baku.

Paul Milgrom, Nobel Laureate

Most of all this is a game theory prize and an economics of information prize, including game theory and asymmetric information.  Much of the work has had applications to auctions and finance.  Basically Milgrom was the most important theorist of the 1980s, during the high point of economic theory and its influence.

Here is Milgrom’s (very useful and detailed) Wikipedia page.  Most of his career he has been associated with Stanford University, with one stint at Yale for a few years.  Here is Milgrom on  A very good choice and widely anticipated, in the best sense of that term.  Here is his YouTube presence.  Here is his home page.

Milgrom, working with Nancy Stokey, developed what is called the “no trade” theorem, namely the conditions under which market participants will not wish to trade with each other.  Obviously if someone wants to trade with you, you have to wonder — what does he/she know that I do not?  Under most reasonable assumptions, it is hard to generate a high level of trading volume, and that has remained a puzzle in theories of finance and asset pricing.  People are still working on this problem, and of course it relates to work by Nobel Laureate Robert Aumann on when people should rationally disagree with each other.

Building on this no-trade result, Milgrom wrote a seminal piece with Lawrence Glosten on bid-ask spread.  What determines bid-ask spread in securities markets?  It is the risk that the person you are trading with might know more than you do.  You will trade with them only when the price is somewhat more advantageous to you, so markets with higher degrees of asymmetric information will have higher bid-ask spreads.  This is Milgrom’s most widely cited paper and it is personally my favorite piece of his, it had a real impact on me when I read it.  You can see that the themes of common knowledge and asymmetric information, so important for the auctions work, already are rampant.

Alex will tell you more about auctions, but Milgrom working with Wilson has designed some auctions in a significant way, see Wikipedia:

Milgrom and his thesis advisor Robert B. Wilson designed the auction protocol the FCC uses to determine which phone company gets what cellular frequencies. Milgrom also led the team that designed the 2016-17 incentive auction, which was a two-sided auction to reallocate radio frequencies from TV broadcast to wireless broadband uses.

Here is Milgrom’s 277-page book on putting auction theory to practical use.  Here is his highly readable JEP survey article on auctions and bidding, for an introduction to Milgrom’s prize maybe start there?

Here is Milgrom’s main theoretical piece on auctions, dating from Econometrica 1982 and co-authored with Robert J. Weber.  it compared the revenue properties of different auctions and showed that under risk-neutrality a second-price auction would yield the highest price.  Also returning to the theme of imperfect information and bid-ask spread, it showed that an expert appraisal would make bidders more eager to bid and thus raise the expected price.  I think of Milgrom’s work as having very consistent strands.

With Bengt Holmstrom, also a Nobel winner, Milgrom wrote on principal-agent theory with multiple tasks, basically trying to explain why explicit workplace incentives and bonuses are not used more widely.  Simple linear incentives can be optimal because they do not distort the allocation of effort across tasks so much, and it turned out that the multi-task principal agent problem was quite different from the single-task problem.

People used to think that John Roberts would be a co-winner, based on the famous Milgrom and Roberts paper on entry deterrence.  Basically incumbent monopolists can signal their cost advantage by making costly choices and thereby scare away potential entrants.  And the incumbent wishes to be tough with early entrants to signal to later entrants that they better had stay away. In essence, this paper was viewed as a major rebuttal to the Chicago School economists, who had argued that predatory behavior from incumbents typically was costly, irratoinal, and would not persist.

The absence of Roberts’s name on this award indicates a nudge in the direction of auction design and away from game theory a bit — the Nobel Committee just loves mechanism design!

That said, it is worth noting that the work of Milgrom and co-authors intellectually dominated the 1980s and can be identified with the peak of influence of game theory at that period of time.  (Since then empirical economics has become more prominent in relative terms.)

Milgrom and Roberts also published a once-famous paper on supermodular games in 1990.  I’ve never read it, but I think it has something to do with the possible bounding of strategies in complex settings, but based on general principles.  This was in turn an attempt to make game theory more general.  I am not sure it succeeded.

Milgrom and Roberts also produced a well-known paper finding the possible equilibria in a signaling model of advertising.

Milgrom and Roberts also wrote a series of papers on rent-seeking and “influence activities” within firms.  It always seemed to me this was his underrated work and it deserved more attention.  Among other things, this work shows how hard it is to limit internal rent-seeking by financial incentives (which in fact can make the problem worse), and you will see this relates to Milgrom’s broader work on multi-task principal-agent problems.

Milgrom also has a famous paper with Kreps, Wilson, and Roberts, so maybe Kreps isn’t going to win either.  They show how a multi-period prisoner’s dilemma might sustain cooperating rather than “Finking” if there is asymmetric information about types and behavior.  This paper increased estimates of the stability of tit-for-tat strategies, if only because with uncertainty you might end up in a highly rewarding loop of ongoing cooperation.  This combination of authors is referred to as the “Gang of Four,” given their common interests at the time and some common ties to Stanford.  You will note it is really Milgrom (and co-authors) who put Stanford economics on the map, following on the Kenneth Arrow era (when Stanford was not quite yet a truly top department).

Not what he is famous for, but here is Milgrom’s paper with Roberts trying to rationalize some of the key features of modern manufacturing.  If nothing else, this shows the breadth of his interests and how he tries to apply game theory generally.  One question they consider is why modern manufacturing has moved so strongly in the direction of greater flexibility.

Milgrom also has a 1990 piece with North and Weingast on the medieval merchant guilds and the economics of reputation, showing his more applied side.  In essence the Law Merchant served as a multilateral reputation mechanism and enforced cooperation.  Here is a 1994 follow-up.  This work paved the way for later work by Avner Greif on related themes.

Another undervalued Milgrom piece is with Sharon Oster (mother of Emily Oster), or try this link for it.  Here is the abstract:

The Invisibility Hypothesis holds that the job skills of disadvantaged workers are not easily discovered by potential new employers, but that promotion enhances visibility and alleviates this problem. Then, at a competitive labor market equilibrium, firms profit by hiding talented disadvantaged workers in low-level jobs.Consequently, those workers are paid less on average and promoted less often than others with the same education and ability. As a result of the inefficient and discriminatory wage and promotion policies, disadvantaged workers experience lower returns to investments in human capital than other workers.

With multiple, prestigious co-authors he has written in favor of prediction markets.

He was the doctoral advisor of Susan Athey, and in Alex’s post you can read about his auction advising and the companies he has started.

His wife, Eva Meyersson Milgrom, is herself a renowned social scientist and sociologist, and he met her in 1996 while seated next to her at a Nobel Prize dinner in Stockholm.  Here is one of his papers with her (and Ravi Singh), on whether firms should share control with outsiders.  Here is the story of their courtship.

Emergent Ventures India, second cohort of winners

Praveen Mishra

Praveen Mishra when he was 16 started the Power of Youth, a non-profit aimed at empowering rural students by giving them mentorship and conducting competitions to highlight their potential. He since has been building a ‘YouTube of e-commerce’. He is the founder of ByBuy, an omni-channel retail platform, and he received his EV grant to help with this launch.

Akash Bhatia and Puru Botla

Akash and Puru are the co-founders of Infinite Analytics (IA), a Boston-based company whose proprietary AI platform analyzes customers’ data. They received their EV grant to repurpose their platform for Covid containment to help governments and authorities in India with contact tracing and mobility analyses. They have since helped millions of users, and their Containment Zone analyses are becoming the bedrock for lockdown exit strategy in Mumbai and Pune. Here is a video about the project.

Mohammed Suhail Chinya Salimpasha

Suhail is a 19-year-old senior grade homeschooler. He dropped out of high school to work on finding new ways to quantify protein in serum applied on a faster diagnosis of malnutrition. This is his TedX talk on the project.  He diverted his efforts towards Covid, to create India’s first multi-language Covid symptom checker, which was adopted by some local authorities before the Government mandated an alternative.  He is currently working on solving problems in containerizing applications, Enterprise Cloud, low latency API communication, and 5G In Social Tech Democratization.

Manasseh John Wesley

Manasseh John Wesley is a 21-year-old from Hyderabad, India, studying engineering and technologies like embedded systems megatronics/machine learning/data science/digital communication systems. He is the founder of River Bend Data Solution, a data science company with health care applications. He received an EV grant to create a platform for hospitals to provide X-rays and CT scan images and to use AIML to identify at risk districts in Andhra Pradesh.

Vidya Mahambare and Sowmya Dhanaraj

Dr. Vidya Mahambare is a Professor of Economics at Great Lakes Institute of Management working in macroeconomics as well as cultural and social economics issues. Dr. Soumya Dhanaraj is an assistant professor of economics at the Madras School of Economics, working in Development Economics and Applied Microeconomics. Their grant is to support their work in labor market and migration distortions.

Onkar Singh

Onkar Singh Batra is a fourteen-year-old web developer from Jammu and Kashmir. He developed and published his first website at the age of seven and holds the record for the World’s Youngest Webmaster. Furthermore, his book ‘When the Time Stops’ made him hold the record for the record of ‘World’s Youngest Theoretical Author.’ Recently, responding to the Covid pandemic, he received his EV grant for the web applications named –‘COVID Care Jammu’ and ‘COVID Global Care’, which connects doctors with users and helps users do a free anonymous Covid Risk Assessment test.  Onkar built his website keeping in mind slow internet speed and limited access. He has plans for many future projects, including working on a bio shield for 5G radiation technology.

Nilay Kulkarni

Nilay Kulkarni is a 20-year old software developer and he previously worked on a project to prevent human stampedes at the world’s largest gathering – the Kumbh Mela. His project’s implementation at the 2015 edition of the event in Nashik, with over 30 million attendees, led to the first stampede-free Kumbh Mela in the city’s history. Nilay has also spoken at TEDx New York about the project. He has worked on assistive technology for people with ALS enabling them to control phones using their tongues. He received his EV grant for the tech development of the MahaKavach App, the official quarantine monitoring and contact tracing platform adopted by the state government of Maharashtra. So far, the platform has helped reduce the time needed for contact-tracing from 3-4 days to 25-30 minutes, and he is now working on open-sourcing the platform for greater impact.

Data Development Lab

Drs. Paul Novosad and Sam Asher are previous EV grantees for creating the SHRUG database at Data Development Lab. The SHRUG is an ultra-clean geocoded database describing hundreds of dimensions of socioeconomic status across 8,000 towns and 500,000 villages in India. Everything in the SHRUG is carefully linked, extensively vetted and documented, and ready for immediate application. In addition to continually expanding the SHRUG, they recently received another EV grant for a second platform oriented toward informing the COVID-19 response in India. This platform has a wealth of linked pandemic-related data (e.g. hospital capacity, health system use, agricultural prices) not available anywhere else and is directly feeding several COVID response research and policy teams.

Deepak VS

Deepak VS is a 23-year-old Mechatronics Engineer from Bangalore, India and he has worked on traffic and communications projects. He also founded a college club called 42 Labs that eventually grew into a startup company called Tilt, a shared mobility platform designed for Indian campuses but now in corporate parks, colleges, townships, and cities across India. Working primarily with electric bikes, Tilt is partnering with companies to help provide alternate mobility solutions to people who typically use crowded and unsafe public transport.

Amit Varma and Vivek Kaul

Amit Varma is one of the most influential podcasters in India, and the winner of the Bastiat Prize in Journalism for his writing. He is the host of the iconic longform interview podcast The Seen and the Unseen, my chat with him on Stubborn Attachments is here and Alex’s appearances on the show here and here. Vivek Kaul is a prominent journalist and writer covering finance and economics. His most recent book, “Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System” was released earlier this month.

Amit and Vivek received their Emergent Ventures grant for their new podcast “Econ Central.” You can find Econ Central episodes here.

Raman Bahl

Raman Bahl is a 2012 Teach For India Fellow. He has worked over the last decade in different capacities to teach students, train teachers, create curricula, and create systems of teaching and learning in the Indian education system. In the light of the pandemic, rural communities in India are not getting access to quality learning at home. In particular, students from poorer and marginalized groups cannot access to remote/online education launched by local schools because they lack internet access, televisions, and/or learning materials. Raman received his EV grant for creating a Voice-based Academic System for students in rural communities, to enable access to learning at home, through mobile phones. He is launching the system in Purkhas Rathi in Haryana and hopes to scale the system to more villages and states.


Vidyarthi Baddireddy, Utsav Bhattacharya and Kajal Malik are Indian entrepreneurs focused on the employability of graduating students in India. In 2017 they founded Reculta to digitize campus placements. In 2019, they launched PickMyWork, a platform for onboarding gig workers and getting them to complete tasks for client organizations through a pay-per-task model. In light of the manpower crisis during the Covid pandemic, especially on the frontlines, they want to enable matching of volunteers to emergency situations. They received their EV grant for adapting PickMyWork as a local volunteer response system to emergency situations like Covid by using the platform to source, train and deploy volunteers across various projects and locations.

Harsh Patel and Hiten Patel

Harsh Patel is an undergraduate student in electronics and communication engineering; his interests are in components, coding, and robotics. Hiten Patel is an electrical engineer interested in robotics, coding, and designing. They received their EV grant to develop robot prototypes that they call ‘E-Bot: Arogya Sahayak’ to potentially support hospitals, hotels, airports, workplaces, etc., to assist with basic tasks while maintaining social distancing.

Vinay Débrou

Vinay Débrou studied computer science and is a self-taught data scientist interested in psychology, data science, and new applications of network science for collaboration-generating contexts. He has also built resources for aspiring location-independent free-agents including a curated resources library and a weekly newsletter. Vinay received his Emergent Ventures grant to accelerate his ongoing project to build a network visualization/mapping tool (v0.1 here) to catalyze cross-disciplinary expertise-sharing and collaboration in Yak Collective – an open, networked community of 300+ (and growing) independent creators, consultants, and researchers.

Those unfamiliar with Emergent Ventures can learn more here and here. EV India announcement here. To apply for EV India, use the EV application click the “Apply Now” button and select India from the “My Project Will Affect” drop-down menu.

If you are interested in supporting the India tranche of Emergent Ventures, please write to me or to Shruti at [email protected] I believe we are seeing a blossoming of talent from India comparable to that from Central Europe in the early part of the 20th century.

The demise of the happy two-parent family

Here is new work by Rachel Sheffield and Scott Winship, I will not impose further indentation:

“-          We argue, against conventional wisdom on the right, that the decades of research on the effects of single parenthood on children amounts to fairly weak evidence that kids would do better if their actual parents got or stayed married. That is not to say that that we think single parenthood isn’t important–it’s a claim about how persuasive we ought to find the research on a question that is extremely difficult to answer persuasively. But even if it’s hard to determine whether kids would do better if their unhappy parents stay together, it is close to self-evident (and uncontroversial?) that kids do better being raised by two parents, happily married.

–          We spend some time exploring the question of whether men have become less “marriageable” over time. We argue that the case they have is also weak. The pay of young men fell over the 1970s, 1980s, and early 1990s. But it has fully recovered since. You can come up with other criteria for marriageability–and we show several trends using different criteria–but the story has to be more complicated to work. Plus, if cultural change has caused men to feel less pressure to provide for their kids, then we’d expect that to CAUSE worse outcomes in the labor market for men over time. The direction of causality could go the other way.

–          Rather than economic problems causing the increase in family instability, we argue that rising affluence is a better explanation. Our story is about declining co-dependence, increasing individualism and self-fulfillment, technological advances, expanded opportunities, and the loosening of moral constraints. We discuss the paradox that associational and family life has been more resilient among the more affluent. It’s an argument we advance admittedly speculatively, but it has the virtue of being a consistent explanation for broader associational declines too. We hope it inspires research hypotheses that will garner the kind of attention that marriageability has received.

–          The explanation section closes with a look at whether the expansion of the federal safety net has affected family instability. We acknowledge that the research on select safety net program generosity doesn’t really support a link. But we also show that focusing on this or that program (typically AFDC or TANF) misses the forest. We present new estimates showing that the increase in safety net generosity has been on the same order of magnitude as the increase in nonmarital birth rates.

–          Finally, we describe a variety of policy approaches to address the increase in family stability. These fall into four broad buckets: messaging, social programs, financial incentives, and other approaches. We discuss 16 and Pregnant, marriage promotion programs, marriage penalties, safety net reforms, child support enforcement, Career Academies, and other ideas. We try to be hard-headed about the evidence for these proposals, which often is not encouraging. But the issue is so important that policymakers should keep trying to find effective solutions.”

The lockdown culture that is Singapore

S’porean man charged in court for leaving home 30 minutes before quarantine ended to get breakfast


According to CNA, Tay is accused of leaving his home in Choa Chu Kang between 11:30am and 12pm, half an hour before his quarantine ended.

He thus breached his quarantine order by leaving his home to go to his neighbourhood shopping mall for breakfast without getting the permission of the Director of Medical Services, said the MOH release.


The day prior, Thursday, Apr. 23, 34-year-old Alan Tham was sentenced to six weeks’ imprisonment for breaching his Stay-Home Notice (SHN) to eat bak kut teh.

To be clear, I am fine with Singapore doing this, but it hard to imagine the United States enforcing quarantine with the same vigor.  And on the other side, I might risk prison for laksa, but for bak kut teh?

For the pointer I thank Tuvshinzaya.  and Jeet Heer asks:

I have to confess I’m becoming more pessimistic since I don’t see much signs that most countries outside Asia & the Pacific are developing the testing-tracing-isolation capabilities needed. Am I wrong about this?

Places to go in 2020

Here is the mostly dull NYT list.  Here is my personal list of recommendations for you, noting I have not been to all of the below, but I am in contact with many travelers and paw through a good deal of information:

1. Pakistan, and Pakistani Kashmir.  Finally it is safe, and in some way it is easier to negotiate than India.  The best dairy products I have eaten in my life, and probably it is the most populous country you have not yet seen, or maybe Nigeria, but that makes the list too.  Islamabad is nicer than any city in India, and watch the painter trucks on the nearby highway.

2. Eastern Bali.  Still mostly unspoilt, the perfect mix of exoticism and comfort.  This island is much, much more than Elizabeth Gilbert, yoga, and hippie candles.

3. Lalibela, Ethiopia.  Has some of my favorite churches, beautiful vistas and super-peaceful, and the high altitude of Lalibela and Addis means you don’t have to take anti-malarials.  I know a good guide there, here are my Lalibela posts.  the central bank forecasts 10.8% growth for the country for next year, so Lalibela is likely to change rapidly.

4. Lagos, Nigeria.  A bit dangerous, but immense fun, wonderful music every night, and not nearly as bad as you might be thinking.  Africa’s most dynamic city by far and a new modern civilization in the works.  Here are my earlier Lagos posts, including travel tips.

5. Odisha [Orissa], India.  Sometimes called India’s most underrated cuisine, that is enough reason to go and so now it is on my list for myself.

6. Sumatra, Indonesia.  Surely a good place to understand the evolution of Islam, and supposedly to be Indonesia’s best food.  I hope to get there soon.  First-rate textiles and lake views, I hear.

7. Warsaw, Poland.  No, not a fascist country (though objectionable in some regards), and rapidly becoming the center of opportunity for eastern Europe and a major player in the European Union.  First-rate food and dishes you won’t get elsewhere, at least nothing close to comparable quality.  Nice for walking, don’t expect too many intact old buildings, but isn’t it thrilling to see a major part of Europe growing at four percent?

8. Baku, Azerbaijan.  The world’s best seaside promenade, and wonderful textiles and food, in the Iranian direction, here are my travel notes.  Feels exotic, yet safe and orderly as well.

9. Macedonia, or anywhere off the beaten track in the former Yugoslavia.  Then think about the history and politics of where you are at, and then think about it some more.

10. Quito, Ecuador.  One of the world’s loveliest cities, including the church, wonderful potatoes and corn for vegetarians too.  There are some iPhone snatchers, but overall safe to visit.  Very good day trips as well, including to the “Indian market” at Otavalo and volcano Cotopaxi.

Azerbaijani road trip

About half the world’s mud volcanoes are in Azerbaijan, and some good ones are about an hour’s drive from the edge of Baku.

I saw a Koch Industries truck parked about ten miles down the road.

The Zoroastrian Fire Temple attracts scores of Indian tourists, unlike anything in Baku.  It dates mostly from the 18th century.  And:

Yanar Dag (Azerbaijani: Yanar Dağ, meaning “burning mountain”) is a natural gas fire which blazes continuously on a hillside on the Absheron Peninsula on the Caspian Sea near Baku, the capital of Azerbaijan (a country which itself is known as “the Land of Fire“). Flames jet into the air 3 metres (9.8 ft) from a thin, porous sandstone layer.

Here are photos from somebody else’s Azerbaijan road trip.

Which ten restaurants would you most want to live next door to?

Seherli Tandir, in Baku, Azerbaijan is now on my list, but let me first explain the criteria.  This is not about the best restaurants, it is about the ones that give you the most consumer surplus.  For most of the “next door restaurants,” as I shall call them, you want them to be inexpensive, to offer some healthy options, to satisfy some of your cravings, to offer unique dishes, and not to take too long serving you.

It is not a mistake, if you are visiting Baku, to simply have each and every one of your meals at Seherli Tandir — the other restaurants in town are dominated assets.

The menu allows you to order three different types of cherry jam.  Get the one in the middle, the sour one (don’t let them tell you that you should not be ordering a jam, and don’t put it on anything, just eat it).

Have I had better yogurts and rices?  Order the little dumplings with sumac (gurza), asking for yogurt sauce on the side.  The qutabs — thin breads stuffed with either pumpkin or meat — are the surprise knock-outs.  The soups, the stews, the dolmeh.  Did I mention the pilaf with the chestnuts?  The “tandir” bread-baking oven in the middle of the restaurant?

The typical entree costs about $4-6.  And the staff is friendly and helpful.

The restaurant is located in the old city, on the “restaurant street,” near four or five other excellent but nonetheless inferior options (when in doubt in those order dishes with pomegranate seeds).  Go to the tower, and start walking up to the right, maybe 5-7 minutes.  No taxi can take you there, as it is in a pedestrian zone.  Simply ask when you get lost, as the restaurant is quite famous.  You can’t make a reservation and may need to wait out in the sun, thus another reason why it should be next to my home

In general, Azerbaijani food lies in the space between Persian and Georgian cuisines, a double yum.

Which other restaurants should be in the top ten you want right next to your home? And why aren’t those restaurants simply the best period?

p.s. watermelon jam tastes better than you think.

What should I ask Bruno Maçães?

I will be doing a Conversation with him.  Bruno is the author of Dawn of Eurasia: On the Trail of the New World Order, published earlier in the United Kingdom but just now in the United States.  It is one of the essential reads of the last few years and was last year a tied favorite for my “Book of the Year.”

On the book:

Well, it turns out there is a book explaining all the recent, strange events in China, Russia, Turkey and the European Union

Here is his excellent recent piece on what the West is becoming, and why.  I also have read he is currently writing a book on China’s “One Belt, One Road.”

On Bruno, here is one bit from Wikipedia:

Bruno Maçães is a Portuguese politician, political scientist, business strategist, and author. He studied at the University of Lisbon and Harvard University, where he wrote his doctoral dissertation under Harvey Mansfield. He is currently a Nonresident Senior Fellow at Hudson Institute in Washington.

My Conversation with Bruno is in fact one reason why I took my August trip to Kiev and Baku — what better and indeed necessary way to prepare for a discussion of Eurasia?

So what should I ask him?

My favorite things Azerbaijan

I am arrived in Baku!  Here goes:

1. Chess player: Garry Kasparov.  Maybe the greatest player of all time?  He is not ethnic Azerbaijani, but grew up in Baku.

Teimour Radjabov.  It is amazing for how long he has gotten away with playing the King’s Indian Defense at the highest levels of chess competition.

Shakhriyar Mamedyarov.  Over the last year, he has had the best results of anyone in the chess world, including Carlsen.  His forcing style resembles that of Kasparov.

Vugar Gashimov.  He was pretty good too, passed away prematurely in 2014.

Cellist and conductorMstislav Rostropovich, born in Baku.  His Bach Cello Suites are perhaps my favorite of all extant recordings.  Here is one (different) YouTube version.  As a conductor he was uneven, but capable of spectacular live performances of Shostakovich.

Pianist: Bella Davidovich, born in Baku, especially her Chopin.

Philosopher: Max Black, also born in Baku.  He edited Frege and worked on problems from Leibniz, such as the identity of indiscernibles.

Note that numbers 1, 5, 6, and 7 on this list were Jews who emigrated to America.

The Power of Online Education

One of the best things about teaching at Marginal Revolution University is the emails that Tyler and I receive from our students all over the world. Here’s a recent email we got from Rasim Mollayev, a student in Azerbaijan.

Sir! I’m writing this from Baku, Azerbaijan. I am studying at ADA University in Baku. Due to my personal and health problems I couldn’t attend my lectures properly in previous Fall 2016 semester. I missed most of my “Principles of MicroEconomics” class.

And then I found your videos on YouTube and prepared for all my midterm and final exams with your videos and quizzes. And passed that course successfully. I just wanted to say thanks for your great help.


*Heyday: Britain and the Birth of the Modern World*

That is the new book by Ben Wilson, and no it has nothing (directly) to do with Brexit.  Rather it is a survey of the technological breakthroughs of the 1850s and how they reshaped Great Britain and the globe more generally.  Here is one short bit:

Japan may have secluded itself from the rest of the world, but it had not closed itself off.  That was a distinction that people in the West were slow to grasp.  The shogun’s court subscribed to the Illustrated London News, for example, and the bakufu had acquired books and papers detailing global politics and scientific discoveries through their Dutch and Chinese trading partners.  This knowledge was strictly regulated, but the seeds of scientific enlightenment were diffused in small numbers across the archipelago.  Perry did not know it — and nor did many Japanese — but his telegraph was not the first on Japanese soil.

Other parts of this book which I enjoyed were on the Great Geomagnetic Storm of 1859, how the British saw a connection between the U.S. Civil War, and the origins of Reuters.

If you want a new Brexit-relevant title of interest, try Brendan Simms, Britain’s Europe: A Thousand Years of Conflict and Cooperation.

The world’s 25 dirtiest cities

Here is the article, here is the top of the list:

1, Baku, Azerbaijan

2. Dhaka, Bangladesh

3. Antananarivo, Madagascar

4. Port-au-Prince (pre-quake?  I believe they are now uncontested #1 or will be soon.)

5. Mexico City

Most of the rest are in Africa.  If I did the ranking, Mexico City would do much better than number five, since air pollution isn't as bad as the lack of sanitation in cities such as Conakry (a mere #19).  And why does Bangui (CAR) get such an idyllic photo?  Nor does Google offer up any nasty photos of the place.

Hat tip goes to the essential Rachel Strohm, Twitter feed here.

What’s the opposite of antitrust policy?

Georgia is a transit country. Through our territory went the Great Silk
Road. And we have confirmed our transit potential more than once.
Through our territory go the BTC, the Baku-Tbilisi- Erzurum, and the
Baku-Supsa pipelines. Not only liquid goods transit through Georgia,
but also dry goods by railroad. However, apart from the existing oil
and gas pipelines, there is a potential for new ones. But they will
only be considered if the oil producing companies themselves become
interested in them. With today’s price for crude oil, the
attractiveness and profitability of the BTC and the Baku-Supsa are
obvious. Therefore, with the growing production of hydrocarbons in
Central Asia, and in the Caspian region, new oil pipelines will
undoubtedly be profitable. Therefore I would like to emphasize that all
of the proposed projects are viable and have prospects.

And the transit of fossil fuels through Georgia endangers the profit of which country?  You have three guesses.  If you don’t know the word "Transneft" you will soon.  Here is more.  See also Marshall Goldman’s new book Petrostate on the Georgia-Russia relationship and the economic factors involved.  In my view today’s series of events is very, very bad news.  Not only are the events bad, but it is a bad signal of type about the new (is it new?) Russian government.