Skip to content

Ethics and Economics Education

Moral foundations, economic principles, & critical thinking

  • Home
  • About Us
  • Ethics & Economics Challenge
  • Donate

Tag: prices

Property Rights, Markets, and Human Progress

April 7, 2015 Jason Sorens

In my last post, I talked about how prices give us both a signal and an incentive. A falling price tells a producer that a good is needed less, and so that producer will direct resources elsewhere, where the profits are higher. A rising price tells a producer that a good is needed more, and so that producer will direct […]

Read more
  • Economics

How Rising Prices and Profits Can Heal “Economic Wounds”

March 29, 2015 Jason Sorens

In the wake of Hurricane Sandy, New Jersey governor Chris Christie enforced price controls on a wide range of goods, with disastrous consequences. Because the prices of gasoline and lumber were not allowed to rise, people around the world holding onto stocks of lumber and gasoline had no incentive to send them to New Jersey rather than other places. And […]

Read more
  • Economics

Follow Us

Keep up with us on Facebook, or join our private mailing list.

Check your inbox or spam folder now to confirm your subscription.

Powered by WordPress and Dynamic News.