Human Behavior

Why do we make the choices we make, even if they may seem irrational to an outsider watching us make them? What defines irrational behavior?  Can the choices we make be radically changed just by the smallest tweaks in how information is presented to us? These questions all fall under the field of economics known … Continue reading Human Behavior

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A History of Markets

What is a market? I am sure we have all heard the term used somewhere before. But do we really understand precisely how they work, and why they are so successful? Arguably more importantly, do we understand why they fail and what that failure means to the average consumer? Markets are not perfect, but for … Continue reading A History of Markets

My Number 1 Must Read

If there ever was a book that I wish every single congressman, senator, president and businessman would read, this is it. Hell, this is a book that every single citizen should read. Basic Economics by Thomas Sowell stands head and shoulders above any other book I could possibly recommend.  Sowell may very well be the brightest … Continue reading My Number 1 Must Read