Prices
What Happened to American Cars, and More
What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.
Uncertainty and Its Exigencies: The Critical Role of Insurance in the Free Market
Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.
Unions v Workers, and more
Today’s college students may never learn the principles of supply and demand, or understand how many billions of dollars companies like Wal-Mart save American consumers (including their own families), but they are indoctrinated as freshmen that any “moral” person should hate “outlaw” corporations (as defined by the union movement).
Dangers of the one-good model: Böhm-Bawerk’s critique of the “naïve productivity theory of interest”
Only in a model with multiple goods can one fully appreciate the "Austrian" approach to capital and interest theory.
Why not double the price?
Tim Harford offers an interesting analysis of the great XBox shortage of 2005.
The Right to Set Your Own Price
Price caps violate the property rights of owners of scarce resources, such as gasoline, writes Chris Westley.
Gas Prices Fact or Fiction: A Primer on Supply and Demand
Tom Lehman writes that the recent upward spike in gasoline prices (particularly those following natural disasters) has unleashed a torrent of theories.
