Prices

Displaying 31 - 40 of 498

Markets Rely on Accurate and Honest Information — But Governments Want the Opposite

PricesValue and Exchange

Blog10/03/2019

Market prices reveal critical information about sellers, buyers, and market demand. But government interference in markets substitutes a fake version of reality that leads to impoverishment.

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Why is the "Cost of Living" in Cities so High?

Labor and WagesU.S. EconomyPrices

Blog09/04/2019

More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?

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Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog08/20/2019

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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Buy More Luxury Gifts: It's Good for Your Neighbors in Need

Labor and WagesPrices

Blog12/19/2018

This Christmas, countless workers will profit when others spend freely on "unnecessary" luxury goods.

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How Champions of the Poor Become Tyrants

Bureaucracy and RegulationPricesValue and Exchange

Blog09/28/2018

The unintended consequences of government regulation lead to even more government coercion.

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"Price Gouging" Sends Important Signals About Risk

PricesValue and Exchange

Blog09/14/2018

If local prices are sending the message that everything's perfectly normal, residents may be overly optimistic about the risks they face during natural disasters.

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OPEC’s Dilemma

Global EconomyInterventionismPrices

Blog07/06/2018

The challenge from now on for OPEC and for oil producers is not to seek artificial price inflation, but to improve efficiency. 

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Economics Doesn't 'Measure' or 'Predict', It Explains

Austrian Economics OverviewPricesValue and Exchange

The purpose of economic science is not to resolve all social problems, nor does it have appropriate tools for this. 

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How Not to Address Rising Oil Prices: Lessons from Nixon's Price Controls

Big GovernmentU.S. HistoryPrices

Blog04/26/2018

The crude oil “daisy chain” reseller boom is just one example of the absurdity of the 1970s price controls on the oil and gas sector. 

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Do Austrians Really Reject Empirical Evidence?

PraxeologyPrices

Blog03/28/2018

Statistics and empirical data aren't ignored by Austrians. Rather, they are relegated to their proper place in the economic edifice.

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