The fundamental problem (sometimes referred to as "the economic problem") that economists study is one of scarcity. Scarcity ...

Ray Bradbury died Tuesday at the age of 91.  In 1953, he wrote Fahrenheit 451 , which is one of my all-time favorite books.   Bra...

Wikipedia, as a whole, rocks my face off.  I could probably spend entire days on it, looking up stuff.  In fact, this panel from one of ...

This is how I think about the concept of ceteris paribus in economic thought.  It’s a nice way to make things work out swimmingly, but re...