Posts Tagged ‘price system’

  • 15747_7.7_000004061067XSmall

    A Pencil, An Apple, and a Price System

    Jul 7, 10 • 157 Views • Demand, Supply, and Markets, Economic ThinkersNo Comments

    I suspect we take prices for granted. Please think for a moment about a $10 pair of shoes. As a consumer, that $10 price tag tells you that they are inexpensive and you won’t have to sacrifice very much to buy them. Correspondingly, seeing the same...

  • More Than a Price

    Dec 27, 09 • 102 Views • Thinking EconomicallyNo Comments

    Listening to a wonderful Radio Lab (WNYC 10/09/09) podcast on Numbers, I started to think about a comment about what you can learn from a gas pump. $1.40? Maybe a teenager with little to spend. $10.04? Probably a cash payment but the attendant did not turn...