Latest Articles
Price Gouging? - Historical Cost vs Opportunity Cost - cartoon (4/12/2013)
Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero.
Pricing at opportunity cost rather than historical cost can solve market shortages. In other words, "price gouging" can be an unsung hero.
No Chicken Feet! - youtube cartoon (3/28/2013)
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Wealth Inequality in America (3/6/2013)
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
No Chicken Feet! (1/3/2013)
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But the export trade is not exempted from political whims.
Injections and Leakages - Planned vs Realized (1/3/2013)
An open economy allows for more varied interplays between planned vs actual leakages and injections among countries.
An open economy allows for more varied interplays between planned vs actual leakages and injections among countries.
Please Sit Down! - youtube cartoon (8/22/2012)
A prisoner's dilemma results when people compete for limited positional goods. Individually smart, but collectively dumb.
A prisoner's dilemma results when people compete for limited positional goods. Individually smart, but collectively dumb.
