In Theory
We don’t live in a perfect world. This love of theory is why economics on an academic level is virtually useless.
Tagged: economic theory
The Economics of Action Figures Part II: Contrived Scarcity
Scarcity ties into a couple topics that few really understand. The biggest of these is the Accounting 101 concept of assets, liabilities, and equities.
The Economics of Action Figures Part I: Value
The action figure market is one of the best case studies in the economic concept of value. Value is inherently an individual and subjective beast.
