Profiles

Management vs. The Market: An Exaggerated Distinction

JournalsDon Mathews

Why do business firms exist? Do firms substitute for the market or complement the market? Why do firms buy some inputs but make others?These are basic economic questions.

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Is the Nursing Market Malfunctioning?

Mises DailyMay 2, 2008Don Mathews

Such is not the stuff of shortages but of market prices coordinating the allocation of scarce resources exceptionally well — and in reality, not just theory...

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The Fallacies of Shrimp Protectionism

Mises DailyJune 27, 2004Don Mathews

Consumers are eating shrimp like never before, writes Don Mathews, so why is the industry so unhappy?

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The Poverty of Poverty Statistics

Mises DailyOctober 14, 2003Don Mathews

What is the true extent of poverty in the U.S.? We'll never know. The official measures are problematic to the point of being meaningless. But the larger lesson of the Census Bureau's difficulties in estimating poverty is that any measure of poverty is bound to be problematic to the point of being...

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Economics of Cigarette Taxes

JournalsJune 1, 2003Don Mathews

Last week the Peach State continued to buck the national trend. By a vote of 127 to 47, the Georgia House of Representatives defeated Governor Sonny Perdue's proposal to raise the state's tax on cigarettes from 12¢ per pack to 58¢ per pack...

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