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Author: BAGEHOT
T. H. Marshall, one of the founders of modern economics and one of the most prominent analysts of regional economics, argued that “there is something in the air” of the English city of Sheffield that makes it good at making steel. I think it is equally true that “there is something in the air” of Russia that makes it good at spreading anxiety and unrest. Bagehot has visited Russia many times over the years—under both communism and Putinism—but has never had a normal day there. Everything that happens has a sinister weirdness to it.
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