Value and Exchange

Displaying 1 - 10 of 729

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.

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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.

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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.

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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.

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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.”

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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.

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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.

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Think Gentrification Is Bad? The Opposite Is Worse

Value and Exchange

Blog09/13/2017
Land has no intrinsic value, and its price can go to zero under various conditions. Nearby owners will soon find themselves wishing for gentrification.

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Is Forced Military Service Good for the Economy?

Taxes and SpendingWar and Foreign PolicySubjectivismValue and Exchange

Blog09/12/2017
The latest argument in favor of conscription is that it's good for the economy. But, it's all just another central-planning scheme.

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The Eclipse: How Markets Could Have Prevented the "Traffic Nightmare"

PricesValue and Exchange

Blog08/22/2017
After the eclipse, access to major roadways should have been priced according to highway capacity and demand.

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