Category Archives: prices

Understanding Supply and Demand Graphs

Posted on August 29, 2017 by christopher fisher
Posted in Econ 101, Economics, prices | Leave a comment

professional photographer 2 minutes of hate

Posted on April 16, 2015 by christopher fisher

April 15 is known as Tax Day in America. Within the professional photography community it is a day of rage. In 1984 terms, it is their Two Minutes of Hate. Up to a third of photography business profits might be … Continue reading →

Posted in Econ 101, Economics, Goverment, Incentives Matter, Price Controls, prices, Standard of Living | Leave a comment

price fixing in phuket

Posted on August 14, 2014 by christopher fisher

Recently I had a chance to visit Phuket, a tourist Island in southern Thailand. Hotels during the off season were priced reasonably, $15 dollars a day for a queen bed and hot shower. But, food and clothing prices seem to … Continue reading →

Posted in Economics, Price Controls, prices | Leave a comment

the black market for legal controlled drugs

Posted on April 21, 2014 by christopher fisher

A while back, I listened to an NPR story about black market drugs. These were normal drugs like Viagra and pimple medication. Because patents and copyrights create a framework for overpriced medicine, black markets in generic knockoffs are thriving. The … Continue reading →

Posted in Econ 101, Economics, Goverment, prices | Leave a comment

the religion of recycling

Posted on March 30, 2014 by christopher fisher

From an excellent article by Mike Munger: My first experience with the recycling debate was in 2008, when I was asked to keynote a conference in Freemantle, Australia. The conference, called “Australia Recycles!,” was a gathering of recycling professionals and … Continue reading →

Posted in Economics, prices, Science | Leave a comment

predatory pricing and public schools

Posted on March 14, 2014 by christopher fisher

Predatory pricing is when one organization under-prices their goods or services at below cost in order to drive competition from the field. This is seen by many laymen as an effective tool that works to build monopolies. Without any concrete … Continue reading →

Posted in Economics, History, prices | Leave a comment

coke and free market innovation

Posted on February 15, 2014 by christopher fisher

I am posting the full speech of Coke executive Harry E. Teasley. The entire speech is worth reading. He explains how the free market is the best way to “green” production. He uses aluminum cans as an example: Today the … Continue reading →

Posted in Economics, prices | 1 Comment

repeal the davis-bacon act

Posted on January 26, 2014 by christopher fisher

In 1931, the Davis Bacon Act (DBA) was passed. According the FAR 22.403-1 “The Davis-Bacon Act (40 U.S.C. 3141 et seq.) provides that contracts in excess of $2,000 to which the United States or the District of Columbia is a … Continue reading →

Posted in Contracting, Econ 101, Economics, Goverment, Labor, Price Controls, prices | 1 Comment

walmart and the 15 dollar wage

Posted on December 30, 2013 by christopher fisher

Peter Schiff is receiving his fair share of death threats these days. His crime: he explained why Walmart cannot pay $15 per hour wages. He explains: Walmart’s profit margins are extremely slim as it is (3%). Their customers want low … Continue reading →

Posted in Econ 101, Economics, Labor, prices | Leave a comment

the unseen harms of the minimum wage

Posted on December 9, 2013 by christopher fisher

Don Boudreaux lists out some various possible effects of an increase in the minimum wage, all of which hurt low skilled workers: First, neither I nor any other economist insists “that the minimum wage must raise unemployment.” Raising unemployment is … Continue reading →

Posted in Economics, Price Controls, prices | 3 Comments