Who would have expected the Sherman Antitrust Act to relate to college applications? In 1890, the Sherman Antitrust Act was passed because large firms were acting “in restraint of trade.” Supporting Adam Smith, the goal was to control business size so that the market…
There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers are also consumers. The money you receive for producing a good or a service…
Our Wednesday Environmental Issue I just read but cannot confirm that in 2011, a Red Lobster employee observed 2 gentleman consuming 782 shrimp during 5.5 hours when Red Lobster had its “Endless Shrimp” promotion. According to a Red Lobster store manager, the…
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