As we begin a new semester, we are always looking for examples that illustrate economic principles. Fortunately, the world is filled with them, often in our own backyard. Two come to mind. Our ...

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...

A rational business's main goal is always to maximize profits. As complicated as business processes can be, the end goal always remains reaching the maximum profit. There are many ways a company has ...