Oligopoly or a Free Market – A Realistic Choice?

The study of economics should be clearly divided into its factual, quantifiable aspects (more commonly referred to as “econometrics”) distinct from the more philosophical and abstract study (generally known as ‘normative economics’). This is becoming increasingly important as the world has become ever more interdependent. The global financial crisis attests to this.

The argument . . . → Read More: Oligopoly or a Free Market – A Realistic Choice?

Is It Fair to Charge Higher Prices to the Poor?

On the face of it, it seems very unfair: prices in the inner-city, where people have the least money to spend, are typically higher than in middle-class suburban areas in the same state. Is this an example of corporate exploitation of the poor, or is there another explanation?

<p>Dr. Walter Block, an Austrian economist, . . . → Read More: Is It Fair to Charge Higher Prices to the Poor?