Featured Article
An unorthodox inquiry with real damage. Beef prices are higher now than usual, and the price of beef rose faster than other grocery items. This is not the result of price-fixing or market collusion. It is the outcome of biology and market forces. Beef is harder to produce than chicken. To raise a pound of chicken meat, a farmer needs to feed the chicken about 2 pounds of feed. To raise an…
In This Issue
Recent news concerning power outages have been of dour amusement for this Chicagoan. Once again, a subset of people (read: the state)…
Is Enron coming for lunch? Introduction The past three decades have offered ample evidence of the ability of disruptive technologies to create…
Economic transactions and industrial reorganizations are akin to the evolution of a complex system punctuated with periods of equilibrium and non-equilibrium dynamics.…