Adam Smith

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.

June 20, 2018

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.

May 17, 2018

How Taylor Swift Solved Her Ticket Problem

Through her new concert tour, "Reputation," Taylor Swift may have figured out how to prevent scalpers from reducing ticket availability and getting too much of her revenue.

March 19, 2018

A 2018 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.

February 12, 2018

Why Valentine’s Roses Bloom in Colombia

Most of our Valentine's roses come from Colombia because of the U.S. government, the perfect combination of land, labor and capital, and Walmart.

May 10, 2017

When the Price is Always Right

At two gas stations near Rotterdam, price is constantly changing. Using software that recognizes buying behavior, the retailers try to match the price to the customer. Those who are willing to pay […]