Price Gouging in a Second Language

Research on differences between decisions made in a person’s native tongue and decisions made in a second language reminded me of an unexplored idea in the social dynamics surrounding price gouging. I’ve devoted a few posts to the question of whether or not price gouging laws get applied in a discriminatory fashion against “outsiders,” primarily … More Price Gouging in a Second Language

Tacit Privilege and Social Order

Nathan Goodman, at the Liberty Minded blog, pulls the Hayekian knowledge problem out of the pricing field and applies it in the field of social relations. Well, technically speaking, Goodman employs just the tacit knowledge elements of Hayek’s “The Use of Knowledge in Society” article, but he uses it to make a good point: some … More Tacit Privilege and Social Order