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

How does the US corporate tax rate compare to other countries? Is it too high? Does it discourage investment? 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