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The economics of open-air markets
John List , 5 November 2009 Little is known about the basic economic principles of open-air markets and bazaars, which have existed for centuries. This column explores the fundamental underpinnings of such markets. While exchange prices approach the prediction of competitive market equilibrium ...
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links for 2009-11-4
Economist's View — The economics of open-air markets - voxeu.org With tax break, a big carbon footprint - Glaeser The GOP should dump the neocons -- latimes.com Increasing returns in a comparative advantage world - Paul Krugman David Leonhardt, Wilkins Micawber and the economic recovery - Justin Fox Examining the US liquidity trap - FT Alphaville Reality check (fiscal policy) - Antonio Fatas Credit Writedowns - links FT Alphaville - links Money Supply - links naked capitalism ...

Further reading
FT Alphaville — Elsewhere on Thursday, - Analysing the Fed statement word for word. - A video with  “one of the most influential and yet least well-known people on Wall Street.” - In praise of ETFs. - More caution on leveraged ETFs . - Has Buffett overplayed his hand? - Goldman one-ups Gordon Gekko. - The story so far, in one picture . - Rogoff on the ‘ Great Contraction ‘ of 2008-2009. - The future of the dollar and China. - How to speak Opec . - The economics of open-air markets and bazaars. - Eye of the housing hurricane . - Further, further ...

links for 2009-11-4
Economist's View — The economics of open-air markets - voxeu.org With tax break, a big carbon footprint - Glaeser The GOP should dump the neocons -- latimes.com Increasing returns in a comparative advantage world - Paul Krugman David Leonhardt, Wilkins Micawber and the economic recovery - Justin Fox Examining the US liquidity trap - FT Alphaville Reality check (fiscal policy) - Antonio Fatas Credit Writedowns - links FT Alphaville - links Money Supply - links naked capitalism ...

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