Tag Archives: Markets

Division of Labor and Market Size

I remember when I first read Smith’s account of the size of markets and how it relates to the cost of transportation. Zzzzzzzz Yet, every time I revisit that section, it becomes more interesting. For instance, Jared Diamond in his … Continue reading

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Radical Capitalism

Course Description: There are those who advocate the benefit of market economies and then there are radicals for capitalism. From privatizing the police to abolishing the Federal Reserve, radical capitalist thinkers, and their followers, argue that markets are more efficient … Continue reading

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Alfred Marshall

This reading is important because it is one of the few discussions of the concept “market” in the history of economic thought. ┬áThe piece begins with what promises to be a discussion of “The Market”, but quickly transforms into a … Continue reading

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