Prices

Displaying 1 - 10 of 401

How the Global Drug War Pushed Down Heroin Prices

Legal SystemWorld HistoryPrices

Blog03/23/2017
As the Drug War attacked heroin production in one place, it encouraged increases in heroin production in other places, pushing down global prices.

Read more

NFL Free Agency and the Market Process

Free MarketsEntrepreneurshipPrices

Blog03/09/2017
Any serious analysis of the NFL is incomplete without a sound understanding of basic economics.

Read more

Higher Costs Don’t Mean Higher Prices

Free MarketsInterventionismPrices

Blog03/07/2017
Driving up costs for cocaine dealers has not led to a similar rise in street price. This is because prices are not based on the cost of production.

Read more

Consumers — not Uber's CEO — Are Responsible for Uber Drivers' Falling Income

Monopoly and CompetitionPrices

Blog03/01/2017
If Uber drivers think fares are too low, they should complain to consumers, and not to Uber's management.

Read more

How Governments Destroy Consumer Sovereignty

Calculation and KnowledgeEntrepreneurshipInterventionismPrices

Blog02/07/2017
The entrepreneur's job is to shape his whole enterprise around consumer wants. Unfortunately, governments often get in the way.

Read more

Will "Big Data" Make a Centrally Planned Economy Possible?

Global EconomyCalculation and KnowledgePrices

Blog02/01/2017
Statistical data about past purchases is not the same thing as market prices. And prices are what make a functioning economy possible.

Read more

In a Free Market, No Profit is "Excessive"

The EntrepreneurPrices

Blog01/16/2017

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

Read more

Japanese Consumers Not Afraid of Deflation

Booms and BustsThe FedMoney and BankingPrices

Blog10/10/2016

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.

Read more

The Fed vs. Savings

The FedMoney and BanksGold StandardPrices

Blog09/06/2016

The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.

Read more

Hurricane: Florida AG to Prosecute "Price Gougers"

Big GovernmentPrices

Blog09/01/2016

Floridians could end up facing unnecessary hardship, because its state government does not understand basic economics.

Read more

Shield icon library