Posts Tagged ‘market system’

  • The Price System: Quinoa Economics

    Jul 25, 13 • 1164 Views • No Comments

    Why aren’t we eating more quinoa (keen-wah)? Let’s just start with a NASA quote: “While no single food can supply all the essential life sustaining nutrients, quinoa comes as close as any other in the plant or animal kingdom.”......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    The Market System: Defaults and Decisions

    Jul 18, 13 • 363 Views • No Comments

    Coffee: At Starbucks, I order a Grande West Java Black Eye Clover in a Vente cup. My drink requires 4 decisions. Software: Downloading software, don’t you just check the default package rather than selecting from a customized list of alternatives?......  [read more]

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    The Market System: How We Spend Our Time

    Jun 22, 13 • 1311 Views • No Comments

    During a typical day, we spend our time working, relaxing, sleeping, caring for others, caring for ourselves, doing housework and attending to an assortment of minor and major miscellany. Last Thursday, in its annual American Time Use Survey, the BLS (Bureau......  [read more]

  • Myanmar Coca-Cola

    Foreign Investment: Coca-Cola

    Jun 9, 13 • 950 Views • No Comments

    How does a business return to a country that it left many decades ago? After a military coup in 1962, Coca-Cola reduced its presence in Myanmar (Burma)  and then was prohibited from returning when the US banned most foreign investment there. Now though,......  [read more]

  • The Market System: Parking Ideas

    Dec 27, 12 • 389 Views • No Comments

    Sort of like lunch, there is no such thing as a free parking space. It costs us dollars or time. Hoping to optimize so valuable a commodity, some cities are installing parking devices that use demand and supply to price spots. The approach resembles a......  [read more]