The world is awash in a wave of demonstrations by the economically discontented. I am amazed at some of the folly I hear. The world financial and subsequent economic crisis was only proximally caused by business and its bankers. The ultimate blame lies with (re)election-greedy politicians and with their ignorant voters. What we need is more “free” market economics, not less of it. . . . → Read More: The Confusion of the Economically Discontented
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One of my favorite economic formulas is Mr. Lerner’s. It also is one close to the heart of business people, namely the condition that describes how much the price of a good or service may be marked up over cost. . . . → Read More: Mr. Lerner’s price-markup formula |
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