Category Archives: prices

professional photographer 2 minutes of hate

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

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

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the black market for legal controlled drugs

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

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the religion of recycling

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

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predatory pricing and public schools

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

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coke and free market innovation

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

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