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You're argument is absolutely sound: where possible, producers should be able to differentiate products to better suit the consumer demand. However, you overlook the unfortunate fa…

No human being, regardless of age, has been exposed to all the facts of life. Unfortunately, it takes more than direct personal experience to understand the human condition. Those …

In addition to the lack of a control and the sole focus on the federal minimum wage which in many cases is simply irrelevant, the basic failure in this study is the use of nominal …

As opined here the justification for the exhaustion of the patent after sale is that the patent holder has in the sale been granted the price desired, fair compensation, for the pa…

Although I'd have to poke around for the specific sources, I've read papers that showed that, in fact, subjective well-being increases continuously with wealth (per capita GDP). Ho…