Prices

In May, the House of Representatives passed a bill that could lead to fines as high as $3 million per day for gasoline price gouging, which it defi

What determines market prices? Buyers and sellers must know of feasible trades. They can learn from their mistakes. They prefer higher profits to lower profits. They think in discreet terms. Both participants win in market exchanges.

Contrary to mainstream thinking, the Austrian framework shows that it is the importance of various ends that determine the selection of goods by individuals. The means-end framework also shows that the prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

I rather like this chart from the

I’m intrigued by this NYT explanation: “a surp

Free — no matter where it comes from — can help sell.

Who says we don’t have price control?

Features Dr.

According to the Associated Press,

My friend Pete tipped me off to