Humans make choices they believe will provide the greatest satisfaction according to their subjective values with the information they have on hand. These values are not only unique to each individual, they are unique to the circumstances under which a good or service is experienced.
Photo by Bernard Hermant on Unsplash Worried your employees are slacking off? Browsing social media instead of calling clients? Leaving early on Friday afternoons? Not to worry - spying on employees is now cheaper and more prevalent than ever, as surveillance technology becomes increasingly sophisticated. Employers can track which websites an employee visits and keep tabs on an … Continue reading You Looking At Me?
Time for some girl talk about how we talk about women and their career choices. As working women, Kathryn and Kenzi discover they have strong opinions on the matter. (Not that expertise mattered when it came to parenting!)
Image Source: The Institute for New Economic Thinking The economics community is mourning the death of another great economist. Dr. Harold Demsetz passed away January 4th at the ripe age of 88. He spent his life working on studying property rights: where they come from, how they are established, and how they affect the world … Continue reading Get Your Hands Off My Things! A Tribute to Harold Demsetz
Hi! Welcome to our store! My name is Kathryn. What brings you out shopping today? Have you tried our new signature scent? It comes in body wash, lotion, fragrance mist, room sprays, candles, foaming hand soap, non-foaming hand soap....If you'll just give me your hand, I'll just put a little lotion there...and isn't that just … Continue reading Lighting the Revolutionary Fire: Karl Marx