The Market System

March 18, 2019

How to Deal With (Airplane Seat) Recline Rage

To recline or not to recline an airplane seat is a problem for passengers and airlines because of pitch, profits, property rights, and your philosophy.

January 20, 2019

When Pay-What-You-Want Does Not Quite Work Out

Unexpectedly, Panera's pay-what-you-want cafes couldn't bring together the normal lunch crowd and people who could not afford a meal.

January 18, 2019

Six Facts: What It’s Handy To Know About China

A look at U.S. China trade history reveals how the Chinese economy has changed and what a combination of command and the market can accomplish.

November 21, 2018

Why the Kilogram Had to Change

To become more accessible and accurate, a new kilogram has been developed that that is based on ideas rather than an object.

November 6, 2018

An Amazon Market in South America

Everywhere we read about Amazon markets. But today, it’s the real thing. Where are we going? To what you can buy in the Amazon Basin. From […]

October 26, 2018

Deciding If Walmart Can Do Eye Exams in Oklahoma

In Oklahoma, voters will soon decide if eye care regulation should let retailers like Walmart and Costco give you eye exams and sell you eye glasses.

September 24, 2018

Why Wedding Tickets Should (or Should Not) Be For Sale

By identifying the moral limits of markets, we can decide what should and should not be sold...like wedding tickets and high grades.

July 16, 2018

How Traffic Lights Relate to Adam Smith

When no traffic lights on the island of Nantucket has created good will among strangers, it also might show the limits of Adam Smith's laissez-faire.