At a massive store in Scottsboro, Alabama, bargain hunters can purchase the contents of the lost baggage that airlines say is unclaimed.…
The Mystery of the Artless Heist
When the ownership rights of a $3.1 million John Constable painting are unclear, no one can buy or sell, display, or conserve it.…
Five Facts About Chinese Capitalism
Through six facts about China’s political capitalism, we can see some of its economic strengths, weaknesses, contradictions, and history.…
Why Life Is Not a Bowl of (Tart) Cherries
The crisis farmers are facing with plunging tart cherry prices takes us to big questions about tariffs and federal marketing agreements.…
Astronomically Different Prices for an Apollo 11 Videotape
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.…