Tag: basic economics
Harmful natural monopoly: the myth that keeps on giving
August 17, 2023 | Post
Understanding that it is governments – not free markets – that create harmful monopolies is monumentally essential in order to harbor a comprehension of basic economic principles.
Why economics is not just graphs and charts
November 29, 2022 | Post
In economics, unlike in math, constant relations not only are not possible, but can’t exist. Because economics involves the behavior of human beings, not numbers or inanimate objects.
How the Economy Isn’t Like a Jigsaw Puzzle
April 13, 2017 | Post
The economy can’t be assembled like a jigsaw puzzle, as Boris Yeltsin learned on a trip to America.
The supply curve explained — with cookies
December 23, 2016 | Post
At what price would you hand over your homemade Christmas cookies?
Why don’t we allow markets to dictate parking policy?
November 10, 2016 | Post
A market for parking free of government manipulation would reduce inequality, improve the environment, and make cities more livable.