All Posts Tagged With: "cost-plus pricing"

Hierarchy or the Market

In an article in last June’s Freeman, I applied some ideas from the socialist-calculation debate to the private corporation and examined the extent to which it is an island of calculational chaos in the market economy. I’d like to expand that line of analysis now and apply some common free-market insights on knowledge and incentives [...]

1Apr2008 | Kevin A. Carson | 2 comments | Continued

Prescription Drugs and Advertising

In the continuing debate over the prices of prescription drugs, Ellen Goodman, a Pulitzer Prize-winning columnist, believes she has found the real answer to why many drugs are so expensive. The culprit, she says, is advertising, and lots of it. She writes: “Pharmaceutical companies tell us that the cost [of drugs] is connected to research [...]

1Mar2002 | William L. Anderson | 0 comments | Continued
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