Tag Archives: price gouging

Americans hate high prices, and Kamala Harris says she plans to combat them by banning price gouging in food and groceries. But, depending on what form it takes, economists could hate her plan. Vice President Harris, who will formally accept her party’s nomination at the Democratic National Convention in Chicago this week, has laid the blame for high food prices at the feet of businesses. Surveys conducted by Harvard University economist Stefanie...

Goldratt’s “The Goal” talks about throughput at any cost (if need be). More or less a business novel preaching insightful truth. Productivity is the act of bringing a company closer towards its goal. If the company’s goal is to make money, then we should focus on increasing throughput, decreasing inventory, and decreasing operational expenses. At the same time, you will find Goldratt saying to use older inefficient methods to increase productivity...

[unable to retrieve full-text content]Just a Couple More Things on Price Gouging and Then I’ll Shut Up (For Now)…: Shutting up about price gouging for a while now for the sake of my own sanity. :)

Economic considerations versus social considerations. Is a society for its economy, or is the economy for the society for which it is the material life-support system? There is more to liberalism than just economic liberalism. The free market fundamentalists that have been singing the praises of price gouging in crises as "the medicine of the market" have either forgotten this, or conveniently overlooked it. EconoSpeakPrice GougingPeter Dorman | Professor of Political Economy, The...

[unable to retrieve full-text content]Why Do People Hate “Price Gouging” So Much? Economists, Take Note…: At least I chose a good image for my article this time. =P