The biggest question in economics today is whether capitalist competition still delivers the goods -- specifically, whether it delivers them at a price not excessively above the costs of production. If competition is strong, companies can't charge too much more than what they spent on labor, materials and overhead; otherwise, someone else would swoop in, … Continue reading Markups Everywhere
Hello
After many months of procrastination and delay, I've finally launched my blog. There has to be a first post, so this is the first post. The idea here is to have something like a public notebook, a ledger of bits and bobs that catch my interest. I'd like a place where I can release ideas … Continue reading Hello
