Prices

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The Sveriges Riksbank Prize in Economic Sciences 2007

PricesProduction Theory

Blog10/15/2007

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 jointly to Leonid Hurwicz, University of Minnesota, Eric S. Maskin,...

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The New York Times Management: Not as Smart as You

Media and CulturePrices

Blog09/19/2007

So the Times has stopped charging for most of its web content. The reason? "Many more readers started...

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Prices are up! Or Down! Depending...

Prices

Blog07/18/2007

The CPI release this month features its usual aggregation and concludes that prices are rising 5% per annum. But take a look at specifics. If your main thing is driving around and burning fossil fuels, your compounded annual rate of price...

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Gouging you and me

Legal SystemInterventionismPrices

Blog06/13/2007

In May, the House of Representatives passed a bill that could lead to fines as high as $3 million per day for gasoline price gouging, which it defined as charging a price that "grossly exceeds the average price offered for sale by that person during the 30 days prior" or "...

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Is the Stock Market Rising?

Financial MarketsPrices

Blog05/30/2007

I rather like this chart from the New York Times showing the value of the S&P 500 Index in the dollar, three foreign currencies, gold, houses, oil and corn....

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Why High Gas Prices?

InterventionismPrices

Blog05/24/2007

I'm intrigued by this NYT explanation: "a surprising culprit: uncertainty created by the government's push to increase the supply of biofuels like ethanol in coming years. In his State of the...

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Who to Believe: Labor or the house spouse?

Austrian Economics OverviewInterventionismPrices

Blog03/18/2007

According to the Associated Press, "The Labor Department reported Friday that the Consumer Price Index rose by 0.4 percent last month, double the January increase, as energy...

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The Greens Reduce Alcohol Consumption, Too?

Prices

Blog02/26/2007

My friend Pete tipped me off to this article, which explains that the growing popularity of biofuel production is driving up beer prices. Unfortunately, this "...

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