Relevant and even prescient commentary on news, politics and the economy.

And Here I Thought Corporations were Rational

Ken Houghton lowers the level of discourse at AB by discussing the career of a porn star other than Adam West. One of the primary tenets of economic theory is that corporations believe in nothing other than profits. Well, it’s not quite that stark—we use phrases such as “utility maximization,” “cost minimization,” and the like—but […]