Topic: Economic Education

Art and Culture, Economic Education, Media

Why is Lionel Messi Wasting His Time at Publix?

– August 17, 2023

“Maybe Messi isn’t wasting his time shopping at Publix. After all, they’re writing some of the checks to cover his eight-figure annual salary, and maybe conspicuously shopping there is part of the bargain.” ~ Art Carden

Capitalism, Economic Education, Free Markets, Regulation

Maximizers and Monopolies, A Benefit to Society

– August 13, 2023

“Consumers do not care that there is only one primary zipper manufacturer, they only care that their zippers work. Thus, if market needs are being met, competition isn’t a concern.” ~ Kimberlee Josephson

Art and Culture, Books, Economic Education

In Defense of Tipping, Part III: Market-Enhancing Norms

– August 12, 2023

“Individuals who voluntarily leave a gratuity at the end of a meal indicate that they appreciated the service and are happy to contribute more to the server than is legally required.” ~ Anthony Gill

Economic Education, Regulation, Technology

The Economics of Data Privacy

– August 11, 2023

“Striking a balance that protects individuals’ privacy while fostering an environment conducive to innovation is crucial for nurturing a vibrant, competitive marketplace.” ~ Spence Purnell

Economic Education, Free Markets, Philosophy

The Ludwig von Mises: Catallactic Converter

– August 9, 2023

” An emergent system of division of labor based on impersonal commercial exchange, then, can substitute for benevolence.” ~ Michael Munger

Economic Education, Environmentalism, Free Markets, Property Rights

What ESGers Don’t Understand

– August 8, 2023

“ESGers & Co., in short, want the power to free favored individuals or groups from having to play by the rules of the market.” ~ Donald J. Boudreaux

Economic Education, Property Rights, Regulation

Rent Control Recidivism

– August 8, 2023

“The campaign to tighten rent controls in California, as in every other jurisdiction where the issue is in play, relies on voters’ ongoing ignorance and misunderstanding of the realities of the rental housing market.” ~ Gary Galles

Art and Culture, Economic Education

In Defense of Tipping, Part II: Price Discrimination

– August 4, 2023

“Whereas most price discrimination is instigated from the side of the seller, tipping represents a cultural mechanism that obligates consumers to reveal their own preferences and share their consumer surplus with the supplier.” ~ Anthony Gill

Art and Culture, Economic Education, Entrepreneurship, Policy

Supply and Demand: As Straightforward as it Seems?

– August 2, 2023

“It’s the entrepreneur’s dilemma—a kind of chicken-and-egg quandary that complicates the basic law of supply and demand. Consumers are in the driver seat, to be sure, helping steer resources to their most valued alternative uses.” ~ Paul Schwennesen

Capitalism, Economic Education, Financial Markets, Regulation

The SEC Limits Most People’s Investment Opportunities

– August 1, 2023

“The bill that the US House passed by a voice vote would require the SEC to develop a test to determine whether someone is knowledgeable enough to forgo the investor protections built into public offerings to the general public.” ~ Gerald P. Dwyer

Economic Education, Environmentalism, Property Rights

In Praise of Parking Lots

– July 28, 2023

“There’s a good reason why Kansas’s wheat fields, Texas’s hunting reserves, New Jersey’s cranberry bogs, and Florida’s orange groves aren’t parking lots.” ~ Donald J. Boudreaux

Art and Culture, Economic Education, Economic Trends

In Defense of Tipping, Part I: Principal-Agent Problems

– July 27, 2023

“Tipping turns out to be an ingenious mechanism for solving principal-agent problems in a number of service-oriented industries.” ~ Anthony Gill