Log-in to bookmark & organize content - it's free! A panel discussion was held on the work of philosopher and economist F.A. Hayek. Here Professor Richard Epstein discusses Hayek's view of government ...

Empirical evidence is scarce on whether firms set profit-maximizing prices, as these typically depend delicately on details of difficult-to-observe strategic interactions. To avoid this problem, this ...

To most economists, whether prices seem "high" or "low" is not important. But if a price prevents a buyer and a seller from making a profitable exchange--an exchange that would have left both of them ...