Economics 101 for Lefties: Part 6 — Natural MonopolyOk, so oligopolies aren’t much of a problem, but what if there is only one firm — a monopoly? In many cases monopolies are not a problem…Dec 5, 2020Dec 5, 2020
Economics 101 for Lefties: Part 5 — Imperfect CompetitionBefore we delve into imperfect competition, here is a quick question for you: what is the profit margin for a typical firm? Take a moment…Nov 28, 2020Nov 28, 2020
Economics 101 for Lefties: Part 4 — The Division of LaborIf you asked the typical person off the street why we are wealthier today than we were two hundred years ago, they would probably say that…Nov 21, 2020Nov 21, 2020
Economics 101 for Lefties: Part 3 — Rent ControlRent control is the textbook example of things going wrong when the government monkeys with the free market. But even with rent control…Nov 16, 2020Nov 16, 2020
Economics 101 for Lefties: Part 2 — The Price SystemThe nice thing about economics is that is that you can teach the most complex topics with a simple parable. In this article we’ll use…Nov 9, 2020Nov 9, 2020
Economics 101 for Lefties: Part 1 — Incentives MatterParents and pet owners already know the first lesson of economics — behaviors that are rewarded are done more often, and behaviors that…Nov 6, 2020Nov 6, 2020
