Posts Tagged ‘demand’

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    Supply, Demand, and Kimchi

    Oct 5, 10 • 710 Views • No Comments

    The kimchi mini-crisis is a perfect tale of supply and demand. Kimchi, “a fiery cabbage-based staple of Korea,” is typically made from “seasoned, fermented napa cabbage”. Farmers supply the napa cabbage for kimchi and demand comes from......  [read more]

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    The Afghan Votes Market

    Sep 19, 10 • 464 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according......  [read more]

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    The Housing Dilemma

    Sep 9, 10 • 769 Views • 5 Comments

    Is it time for shock therapy? Since the housing bubble popped, from tax credits to mortgage modification programs, government has tried to support housing prices. The goal was to provide support and diminish foreclosures until the market stabilized. With......  [read more]

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    Kidney Markets?

    Sep 8, 10 • 1073 Views • 3 Comments

    What should we be able to buy and sell? Alcohol? Land? People? Body Parts? In a Teaching Company lecture on organ transplants, Wake Forest economist Robert Whaples says that the answers depend on the market’s boundaries. And, he soon adds, those......  [read more]

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    Lessons for a Rainy Day

    May 20, 10 • 453 Views • No Comments

    Last Tuesday was a bad day for most umbrellas. In New York City, it poured, it was windy, and most umbrellas were flipping out, blowing sidewards, and doing everything except what they were supposed to do.  It makes sense that someone should have......  [read more]