Called “price gouging” by many of us, an increase in prices as a hurricane approaches could be a productive incentive for supply and demand.
Weekly Roundup: From Height to Hamburgers
Our everyday economics includes behavioral economics, GDP, demand & supply, inflation, tradeoffs, markets, consumer spending, environment, and regulation.
What We Can Learn from Venezuelan Inflation
Shortages, long lines, and panic buying are several ways that hyperinflation is creating chaos for local and foreign firms and consumers in Venezuela.
Weekly Roundup: From Marijuana to Multinationals
This week’s stories on everyday economics include productivity, externalities, tax revenue, monopolistic competition, international trade and economic forecasting.