"Pay What You Want" (PWYW) Archives - Econlife

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Weekly Economic News Roundup and pay what you want

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What the IRS Says About Panera’s Pay What You Want

After closing all of their Panera Cares Cafes where customers were supposed “pay what you want,” Panera might have a problem with the IRS.

Weejly economic and pay-what-you-want and conscious capitalism

The Market System

When Pay-What-You-Want Does Not Quite Work Out

Unexpectedly, Panera’s pay-what-you-want cafes couldn’t bring together the normal lunch crowd and people who could not afford a meal.

Weekly Roundup and food charity and agricultural productivity

Economic History

A Tale of Two Adam Smiths

Whereas Adam Smith might have valued the Real Junk Food Project, he knew that the market’s agricultural productivity was what really fed people.

The Restaurant That Lets You Pay What You Want

When “pay what you want” is used to determine restaurant prices, it creates incentives for consumers on the demand side that typically eliminates profit.