Radio Free Acton: Victor Claar on price gouging and Hurricane Harvey; Upstream on progressive rock; and Mailbag with Rev. Robert Sirico

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The balance of industries and creative destruction

Note: This is post #46 in a weekly video series on basic microeconomics. Why are price signals and market competition so important to a market economy? When prices accurately signal costs and benefits and markets are competitive, the Invisible Hand ensures that costs are minimized and production is maximized, explains Alex Tabarrok. Continue Reading...