Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.…
The Problem With Healthcare Price Shopping
While healthcare price transparency sounds like a logical way to constrain soaring healthcare costs, the results were not quite what we expected.…
Why Did the Pedestrian Cross the Road?
In NYC and in Nantucket, Massachusetts, drivers respond to different incentives because Manhattan has traffic lights while Nantucket does not.…
What We Mean by Socialism
Knowing the different meanings of socialism and capitalism can help us better understand what we and presidential candidates support.…
Six Facts: The Impact of Capitalism
With the political debate gravitating toward socialism and capitalism, today we take a look at six facts that tell us about capitalism in four countries.…
The Most Unexpected Market
Like all activities that relate to supply and demand, ransom markets involve predictable behavior from kidnappers, their victims, and negotiators.…
How We Spend Our Money
By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.…
What the IRS Says About Panera’s Pay What You Want
After closing all of their Panera Cares Cafes where customers were supposed “pay what you want,” Panera might have a problem with the IRS.…
When $430 Million Is Not Enough
Whether looking at Mike Trout’s $430 million or a newly drafted player, we see athletes whose baseball salaries are called underpaid.…
When Awards Give Us More or Less Than We Expect
While awards are all about recognition, inspiration, and appreciation, sometimes they are not exactly what we expect them to be.…