With the progressive side of the Democratic Party in the news, defining socialism has become a political issue that we need to clarify.
September 2019 Friday’s e-links: From the Japan World Cup to a Midwestern GM plant and Thought-Provoking econtalk
Friday’s e-links: By combining Captain Ahab’s fixation for his whale, food, and of course beer, this FT article is our update for Japan’s rugby World Cup.
A Russian Wheat Story With an Unexpected Ending
The story of a contemporary Russian wheat farmer is rather surprising when we look back at how the Russia economy has changed during the past 120 years.
Weekly Roundup: From Nibbling Nachos to Sipping Starbucks
Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.
Taylor Swift Gives Apple a Little Taste of Capitalism
By asking Apple to pay her and other artists when customers get their music for free displays Taylor Swift’s understanding of the basics of capitalism.