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Suggest an Entry under this Topic | | Articles |
| A-Scalping We van Gogh, by Sheldon Richman, Freedom Daily, Feb 1999 |
Does the Market Commodify Everything?, by Thomas Woods, Mises.org Daily Article, 18 Sep 2006
Related Topic: The State
"Market prices ... are not artificial, wicked things that discourage social cooperation. They make social cooperation, properly understood, possible in the first place. They convey the rule that we may not simply walk around as self-absorbed savages, taking whatever we want from whomever we want, as if nothing and no one can trump our demands and desires." |
Economics of Prices, by Walter E. Williams, 31 May 2006
"Say you owned ... coffee that you purchased for $3 a pound. Each week you'd sell me a pound for $3.25. Suppose ... the world price ... [rises] to $5 a pound. ... I'm betting that you're going to charge me at least $5 a pound. Why? Because that's today's cost to replace your inventory. Historical costs do not determine prices; what economists call opportunity costs do." |
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Got Price-Fixed Milk?, by Vin Suprynowicz, 16 Dec 2006
"Under a 1937 law ... most American dairy farmers participate in a complex system of interlocking subsidies and protection measures that have the effect of keeping the free market from forcing the price of milk ... down. ... A recent study by the U.S. Department of Agriculture acknowledges federal 'dairy programs raise the retail price' of milk." |
On gouging, by Tibor R. Machan, Rational Review, 8 Sep 2004
"In a free society whoever is selling something is free to ask whatever price he or she desires. ... It is when some take advantage of those hit with ... multiple emergencies ... that the charge of gouging makes sense ... Exactly when this is cannot be said ahead of time, nor from afar ..." |
| Price Controls Are No Answer to Isabel, by Jacob G. Hornberger, 19 Sep 2003 |
Profiting from Misfortune, by Sheldon Richman, 5 Oct 2005
"Prices are not determined by past costs. ... To replace the gas sold today, the station will have to pay the new higher price. That fact will and should influence his conduct, not yesterday's price, which has no relevance today whatsoever. ... ask yourself whether you intend to sell your home for the price you paid rather than the higher price you might be able to get." |
The Source of Prices, by Ludwig von Mises, Mises.org Daily Article, 4 Aug 2006
Essay based on chapter XVI of Human Action, by George Koether
"The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of an equality of valuation, but, on the contrary, the product of a discrepancy in valuation." |
Teaching Basic Economics to Fifth Graders, by Arthur E. Foulkes, Mises.org Daily Article, 21 Jun 2006
Related Topics: Economics, Children, Free Trade, Money
"Items that had several bidders sold for higher prices than items with few bidders — establishing a role for 'demand,' and when only one or two units of a particularly appealing item ... remained, its price had a tendency to sky-rocket, showing that the physical quantity of a good matters in light of the human demand imposed on that quantity." |
Who Owns the Internet?, by Tim Swanson, Mises.org Daily Article, 4 May 2006
Related Topics: Communications Technology, Free Markets, Private Property
"Many baseball teams now offer ticket packages that vary ... Several commercial airline providers, most notably Northeastern-based JetBlue, have successfully used variable pricing ... There is no shortage of empirical examples illustrating profitable business models that embrace variable pricing." |
Will An Oil Price Fall Push Inflation Down?, by Frank Shostak, Mises.org Daily Article, 21 Sep 2006
Related Topics: Inflation
"What is a price? It is the rate of exchange between goods established in a transaction. The price, or the rate of exchange of one good in terms of another, is the amount of the other good divided by the amount of the first good. In the money economy, price will be the amount of money divided by the first good." |
| Cartoons |
| The Government Should Do Something About These Big SUVs!, by Chuck Asay, 7 Jul 2005 |
| Books |
Are Predatory Commitments Credible?: Who Should the Courts Believe?
by John R. Lott, Jr., 1999 |
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Price Theory: An Intermediate Text
by David D. Friedman, 1986 |
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Value and Price: An Extract from Capital and Interest
by Eugen von Böhm-Bawerk, 1973
Extract from Volume II of Capital and Interest |
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