Tag Archive for Markets

They Could Try Buying It

There’s one other way to boost blood supplies. Pay people for it. Pop-Sci – How To Boost Blood Supplies:”Problem: The shelf life of donated blood is short, just 42 days, and during emergencies even a large supply can quickly run…

Why Free Markets Are the Best System Of Allocation

Fantastic column from Dr. Horwitz. “Who Gets What” Is Only Half the Problem – The Future of Freedom Foundation: But whatever the advantages and disadvantages of non-price allocation systems, they all have one enormous defect: the way goods are allocated…

Dr. Munger on Prices and Information

Another fantastic video from Dr. Munger of Duke Univ. Prof. Munger is a frequent EconTalk guest, the interviews and discussions are highly-recommended. Infirmative and entertaining. As an aside, I get annoyed when I see posts on Facebook, Twitter, etc. explaining how…

Sandy, Economics, & Price Gouging – Questions

Dr. Horwitz asks a fantastic question. And great additional links below worth checking out. If you get a chance listen to this interview, Munger on Price Gouging, it’s absolutely spot-on. [UPDATE: 11.05.12 8:30pm: Ever get the feeling that they’ll simply…

Is The Prevalence Of Organic Foods A Market Failure?

Insightful post from Bryan Caplan. Definitely read the entire post, it’s not long. Market Failure: The Case of Organic Food, Bryan Caplan – EconLog: Right-leaning people typically believe that (a) markets work, and (b) organic food is a scam. I…

The Beauty of Credit Checks

Fantastic column from Jeffrey Tucker. The free-market working. In Praise of Credit Checks – Jeffrey A. Tucker : But as we reach adulthood, we begin to realize that something like the “permanent record” does exist. It is called the credit…

Markets In Everything: Japanese Watermelon

Mmmm. (pic: Sapporo Central Wholesale Market) Densuke Watermelon, A Bargain at $4,000? – Scene Asia – WSJ: “A prized Japanese watermelon fetched nearly $4,000 on Monday at an auction in Sapporo. Yes, $4,000. But before you choke on your own…