What Makes a Market Work

A market is more than a place where people buy and sell things. It is a system of exchange shaped by human needs, availa

Goods Are More Than Things on a Shelf

Goods are easy to overlook because they are part of nearly every ordinary routine. A loaf of bread, a pair of shoes, a p

Price Is More Than a Number

Price is often treated as a simple question: how much does something cost? In practice, it is rarely that simple. A pric