Crime and Punishment in Svalbard

Two times the size of New Jersey, Norway’s Svalbard territory has a single jail cell that was briefly occupied a year ago. Trying to decide why Svalbard has little crime, some cite its sparse po…

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average…

©2016 econlife. All rights reserved.