Posts tagged Supply and demand

What’s It Take To Make A Market?

The other day I blogged about physical versus cash delivery.  It piqued the interest of some people and we delved into a conversation about what makes a market. There are lots of two sided markets that turn into massive businesses. …






What Should We Do About Higher Gas Prices?

Why the heck are gas prices going up again? It’s not the speculators.  Speculators can’t influence a market.  Despite the protestations of people who totally misunderstand why markets exist, the market reacts to information and allocates resources accordingly. The rise …






Microeconomics Monday-What’s More Valuable? Water or Diamonds?

Economics is about trade offs.  There are costs, and then there are opportunity coststo every decision you ever make.  Sometimes they are fuzzy, and it’s hard to quantify them.  Other times, it’s easy and that makes choosing between one or …






Microeconomics Monday-No Currency In POW Camps

First in our series on Microeconomics Monday is to introduce you to the basic theories of microecon.  Markets are ubiquitous in every single part of our society.  We will use the real life example of POW Camps from World War …