…to make the reported data for the daily supply of oil and for the consumption of it balance out, a fudge factor that they label in  their footnotes as “unaccounted…

…short, this is a story of what happens when you deregulate an essential infrastructure, allow its managers to extract monopoly prices from captive customers, and then let assorted wolves of…

…as much as its cost (and wage) competitiveness…” The report’s authors attribute the rigidity in prices to “structural deficiencies.” A similar analysis was offered by Uwe Böwer, Vasiliki Michou and…

…if labour were scarce, fewer enterprises would be undertaken.” Marshall’s “national dividend” was an updated and sanitized label for what a decade earlier in The Economics of Industry, he still…

…and services) is determined by the behavior of profit maximizing producers, competitive labor markets, the existing stock of capital goods, and the state of technology, then relative prices will tend…

…costs). Notably, both have become tiny as prices stamped on products have been replaced by bar codes and one label giving a price per item or unit price. Converting instruments…

…neologizing the label “utopian socialism” for its advocates, even as they made clear their respect for the intentions at least of their intentions, even as they did not provide an…

If readers are wondering what is the US doing to alleviate the rising prices of oil during the pandemic and the Russian invasion, RJS has written a good summation of…

…set of health-care benefits. Purchasing medical treatments from the producers of health care, which includes determining the prices to be paid, claims processing for insured patients and controlling overall spending…

…wonders of the 1996 so-called Freedom to Farm Act (the last major previous farm legislation). Such praise vivifies how few people in Washington look beyond the deceptive label congressmen attached…