When the ownership rights of a $3.1 million John Constable painting are unclear, no one can buy or sell, display, or conserve it.
Even if all works out with with a fast-track compressed timeline for developing the COVID-19 vaccine, we will have distribution dilemmas to resolve.
Like all activities that relate to supply and demand, ransom markets involve predictable behavior from kidnappers, their victims, and negotiators.
By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
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.
Just by looking at a $35,000 Tesla price, we can decide if Elon Musk is creating luxury vehicles or cars for the masses.
The issues are surprisingly similar for a tiny island like Nantucket and a huge state like California. Both are figuring out how to create the marijuana markets that they legalized. Legalizing Recreational Marijuana Last November, Massachusetts and California voted to…
In 2016 it appeared that China had become a research powerhouse. In 2017 they discovered a problem. This is the story of how incentives can have unintended consequences. Chinese R&D In 2016, the numbers told a phenomenal story. China was…