Prices

Displaying 1 - 10 of 398

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

Monopoly and CompetitionPrices

Blog53 min ago
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

Spreadsheets Can Not Replace the Market Process

Free MarketsInterventionismPrices

Blog08/22/2016

The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

Read more

Price Controls Are Disastrous for Venezuela, and Everywhere Else

Global EconomyInterventionismPrices

Blog08/16/2016

Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.

Read more

Britain's Minimum Wage Short-Changes Young Workers

Global EconomyCalculation and KnowledgePrices

Blog07/21/2016

In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.

Read more