Adam Smith

July 21, 2019

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.

April 21, 2019

The Economic Side of Legal Marijuana

When Massachusetts voters said yes to legal marijuana, they made an economic decision that relates to competition, taxes, and banking.

March 19, 2019

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.

January 23, 2019

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.

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.

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.