Prices

Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

Decades of government mismanagement has wreaked havoc on the Apalachicola oyster industry.

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students. Only a fraction of the hefty price hikes go toward classroom instruction or core educational...

ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.