Have you ever purchased an item and thought, “Wow! That is a great deal. I would have been willing to pay twice that amount…or…”I wonder if I paid too much for this item. I certainly would not have paid any more for it!” In the first case, you have a large consumer surplus. More

I, along with over 40 million other Americans love March Madness. For our international readers, March Madness lasts three weeks, stretching from March 14th to April 3rd, when the best 68 men’s college basketball teams vie for the national championship. (I would bet that virtually every American knows what March Madness is!) The tournament is put on by the National Collegiate Athletic Association (NCAA). Let’s analyze March Madness’s supply and demand. More

Who should we believe? Many leaders, including President Trump, state that US corporations are among the highest taxed companies in the world. Other leaders, including Senator Bernie Sanders, point to many profitable companies that did not pay income tax recently. “27 giant profitable companies paid no tax” in 2015 according to an article in USA Today written in March 2016 by Matt Krantz. His list includes General Motors, American Airlines, Xerox, and many more well-known companies. Mr. Krantz w More

Last month we published a blog describing the demonetization of the 500 and 1000 rupee notes by Prime Minister Modi in India. We asked our Indian contributor to write of her personal experience. Here is her story: More