When More Is Less at the Supermarket

When supermarkets carry fewer products, they lose the benefit of more variety but also minimize the cost of creating too many decisions.

What We Can Learn From a Ketchup Packet

The Covid shortages of Heinz ketchup packets show us that less of a tomato spread is about a lot more than a condiment.

Venezuela’s Biggest Economic Problem

The perverse incentives created by Venezuelan price controls result in shortages, underutilized resources, wasted time, soaring inflation and hoarding.