Through the ages, many observers have noted how markets promote peaceful and mutually enriching dealings among people of varying languages, customs, religions, and backgrounds.
In 2010, California voters approved a “top-two” primary system for congressional and statewide elected positions where primary voters choose among all candidates in all parties for each position. The top two vote getters in the primary, regardless of party affiliation, move on to the general election to face each other. The argument at the […]
The owner of the Hummus Bar in Israel offers a 50 percent discount to Jewish and Arab customers who share a table together. A small step for peace perhaps, but an illustration of how markets encourage cooperation and peaceful interaction. Here is a two-minute story on the business owner and his idea, airing today […]
Match.com, one of the world’s largest online dating websites, launched on April 21, 1995. At the time, only 14 percent of U.S. adults used the internet. Dating someone you met online was far from common. Fast forward twenty years later and the world has certainly changed, the dating scene included. About 60 percent of […]
In those healthcare markets where third-party payment is nonexistent or relatively unimportant, providers almost always compete for patients based on price. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, where there is price competition, transparency is almost never a problem. Not only are prices posted (e.g., at walk-in clinics, surgicenters, […]
Jeff Tucker points out how truly astounding internet language translation technology is. This is how truly unbelievable our world is: we can get automatic translations via the Google Labs “translate this message” command, and people barely notice. In her ongoing series of books on the Bourgeois Era, Deirdre McCloskey argues that one of the […]
(Moderators’ Note: Nothing here to be construed as an endorsement of any political action—this analysis is for educational purposes only.) During election season, pundits and politicians are obsessed with polls. But are they obsessed with the wrong thing? There is a growing academic literature on the role of prediction markets, particularly in political contests, […]