Economic Sense

Review: In my first article regarding price gouging I discussed how fuel markets are characterized by a Nash Equilibrium strategy that preve...

Are oil companies really that profitable? Not when it comes to refining. Between 1977 and 2002 net margins per barrel have averaged about 2....

Are oil companies price gouging? If you can define price gouging as charging a price greater than what competitive market fundamentals would...

MYTH: Biotechnology only benefits wealthy western economies. Currently there are over 21 countries with major biotech production. For the la...

Some of the top reasons that people offer for choosing organic food is their belief that it is safer, better for the environment, and some g...

Do we need local governments to subsidize the development of farmers’ markets? Farmers in fact already have developed markets for their prod...

Myth: The reason the tomatoes on my salad are so pale and tasteless is that they are mass-produced or genetically engineered. Many consumer...

It is easy enough to recognize that when it comes to issues regarding production and the environment that free markets and agriculture go ha...

President Bush in his state of the union address made it a national goal to reduce our dependence on foreign oil by 75% by the year 2050. Is...

Recently there has been talk about raising the minimum wage in Kentucky. Basic economic theory and empirical evidence tells us that increase...

While organic production avoids synthetics, it introduces other hazards to our health and environment. Organic producers use 'naturally...

The first myth or misunderstanding that I would like to address is that "organic foods are healthier and better for the environment tha...

There are many misnomers, misunderstandings, or myths out there because some people have been influenced by the media, never been exposed to...

Critics from the left maintain that modern large scale production agriculture and 'factory farms' are another example of free market...

George Washington certainly felt that the celebration of Thanksgiving could not be divorced from any religious connotation, as indicated in ...

Thanksgiving was not about the Pilgrims embracing diversity and thanking the Indians (otherwise known as Native Americans) for helping them ...

Trading Liberty for Safety in Bowling Green, KY Considering the new ordinance that will require us to pre-pay for gasoline, I wonder how man...

The state of California would certainly change its tune (regarding recent headlines) about parental discretion and sex education if school c...

Gas Prices III:Gouged by Government Liberals and Democrats are quick to blame corporations, republicans, and especially President Bush for h...

GAS PRICES II- Unspoken Miracle While there is much attention given to 'price gouging' and 'windfall profits', no one in the...