Category: ECON 101

Being Bellicose is Bad Business

Peaceful countries mean prosperous countries – a better quality of life and more opportunity to learn, grow, and love.  Peace enhances prosperity because it allow for commerce to take place without having fears about one’s security and environment.  Peace is good for everyone, in every class, of every […]

Access to Local Food

In an AP article, a phenomena and trend which has been taking shape for quite awhile, is highlighted. That trend is the limited access to food in rural areas (e.g. grocery stores), and the reason has to do with economics.  Smaller operations are generally more costly to run, […]

Knowledge Vs. Presumptions

Reading through Thomas Sowell’s book, Basic Economics, it is easy to see that letting the market work is essential to having a sustainable and productive economy. The reason “the market” works so well is that there are millions of people with specialized knowledge making decision about what to […]