The Market System

December 29, 2017

Imagining a Marijuana Starbucks

With eight states having legalized recreational marijuana, new businesses are multiplying. One ad person even asked if there could be “a Starbucks equivalent in the world of […]

December 18, 2017

Why China Wants To Be Called a Market Economy

A year ago, China filed a formal complaint with the World Trade Organization (WTO). Targeting the European Union and the United States, China’s goal was to […]

July 14, 2014

Adam Smith and Traffic Lights

Located 30 miles from Cape Cod, Massachusetts, the island of Nantucket has no traffic lights. Instead, drivers respond to stop signs, rotaries, and courtesy. More often […]

May 27, 2014

The Income Inequality That Doesn't Bother Us

When people talk about the top 1%, they are probably not thinking about NY Yankees shortstop Derek Jeter or Seattle’s MLS forward, Clint Dempsey. For 2014, Jeter signed a […]