Value and Exchange

Displaying 21 - 30 of 751

Profit and Charity Are Not Mutually Exclusive

Monopoly and CompetitionPolitical TheoryValue and Exchange

Blog01/29/2018
In order to pursue “social justice” goals, firms must first manage to turn a profit. Otherwise, they'll disappear.
Read More

The Unseen Cost of Shoveling Snow

Philosophy and MethodologyValue and Exchange

Blog01/27/2018
The broken-window fallacy can be seen everywhere — and snow removal must necessarily come at the cost of not doing something else.
Read More

Minecraft and Crusoe Economics

Media and CultureValue and Exchange

Blog01/24/2018
Minecraft serves as a model of a simple, developing economy that — not unlike the real world — continues to develop by accumulating capital.
Read More

College Athletes Aren't What Make College Football Profitable

Media and CultureSocialismValue and Exchange

Blog01/08/2018
Tickets for tonight's championship game are selling for well over $2,000, but people aren't paying just to see 20-something athletes play football.
Read More

The Myth of Insufficient Demand

Business CyclesPricesValue and Exchange

Blog12/30/2017
The more goods that an individual can produce the more goods he can demand, and thus acquire.
Read More

Why Profit Is So Important

EntrepreneurshipValue and Exchange

Blog12/27/2017
Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.
Read More

Man, Economy, and Sexual Harassment

Labor and WagesValue and Exchange

Blog12/06/2017
New government regulations designed to end sexual harassment would only raise the legal risk of hiring women, and encourage employers to hire more men.
Read More

Capitalism and Asymmetric Information

PricesValue and Exchange

Blog12/05/2017
It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”
Read More

Can We Blame the New iPhone's Mediocrity on Inflation?

Money and BankingValue and Exchange

Blog10/10/2017
To keep up with inflation, Apple needed to raise prices. But they also needed to add features to the iPhone to justify the price increase.
Read More

There's Nothing Moral about Opposing "Price-Gouging"

The Police StatePricesValue and Exchange

Blog09/24/2017
Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.
Read More
Shield icon library