Price Gouging and Praise for Econ 101

Michael Giberson In response to James Kwak’s post on price gouging and the corrupting effects of Econ 101, blogger R.A. ¬†at The Economist Free Exchange blog writes “In praise of Econ 101“: I’m sensitive to concerns about the downsides of inequality. And I’ve certainly met my share of Econ 101 robots, who can’t talk beyond … More Price Gouging and Praise for Econ 101

OPEC Turns 50 Years Old

Michael Giberson OPEC was founded on September 14, 1960, in Baghdad, Iraq by five oil-exporting countries that decided to join forces to safeguard their legitimate rights and exercise control over their petroleum resources after years of manipulation. From the OPEC “Secretary General’s Message” on the occasion of the 50th anniversary of the organization. The slogan … More OPEC Turns 50 Years Old