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Posts published in “Economics”

The Case for Post Disaster Price Gouging

In times of extreme need, people that are looking to make a profit off of other people’s desperation are often looked down upon by society. While it is true that this method of making money is morally dubious, an argument can be made that it helps, and not harms the recovery effort.

Looking into Free Enterprise

With the fall of Constantinople in 1453 by the Ottoman Turks, the nations of Western Europe were forced to look elsewhere for cheaper access to the luxurious spices flowing from the East and supplying the ever-more increasing demands of a growing European populace.