By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.…
Adam Smith
Adam Smith was a Scottish free market advocate and authored The Wealth of Nations.
A 2019 Update: The World’s Top and Bottom Laissez-Faire Countries
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.…
When to Worry About Water
Approaching Day Zero, the people in Cape Town South Africa were conserving water by singing two minute shower songs and using 50 liters (13 gallons) a day.…
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.…
What We Say About Trade
In a Pew’s yearly survey of trade opinions, they uncovered a slew of contradictions that show most of like trade but cannot say why.…
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.…
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.…
The Woman Who Wants a Moon Dust Market
Unless the U.S. government lets a woman in Tennessee keep and then sell her moon dust, it will remain a “priceless” national treasure with unknown value.…
All You Need to Know About Doughnuts
Knowing that last Friday was National Doughnut Day, we can thank the inventor that made doughnut mass production possible.…
What Unexpected Markets Are Saying About the Royal Wedding
Frequently more accurate than individuals, markets can determine prices and even tell us what will happen at a royal wedding.…