October 21, 2013
World Cup “Price Gouging”?
Following up on my post on price gouging and the poor, here’s a link to a story on Marketplace dealing with “price gouging” in Brazil. Except it’s not about ice…
All posts in: Exploitation
October 19, 2013
Price Gouging and the Poor
Suppose a hurricane hits your town and knocks out power. No power means no refrigeration, and no refrigeration means no ice. Of course, there’s still some ice left from before the storm,…
September 20, 2013
The Essential Relationships Between Duty and Coordination – For Boettke and Leeson
In this post, I give some limited reasons to think that classical liberals have to integrate a positive and normative conception of duty into an analysis of how to solve…
August 28, 2013
McArdle on Costco vs. Walmart
Megan McArdle explains why and how Costco and Walmart have very different business models and serve different functions. We can’t expect Walmart to pay like Costco (or Trader Joe’s). I’m…
July 22, 2013
One Correction
Schliesser has been hoping to catch me in an economic error but has been unable to do so. (His strategy in responding to me so far has been to read…
July 19, 2013
Ideologically Convenient Beliefs about Worker Productivity
Consider this a Robin Hanson-style post. Basic textbook economics says that workers’ wages are determined by marginal productivity. (Here’s a quick explanation from Mankiw intended for a popular audience. Deep in…