By Robert P. Murphy
As most people know, economists are a strange lot. We view the world from an unusual perspective. This allows us to see things that others miss — such as the obvious fact that Superman needs an agent — but alas, it renders us oddballs.
On a recent trip to the grocery store, it occurred to me that much of what I see during a typical outing differs from what carpenters, lawyers, and schoolteachers see. As someone who worked in a grocery store for several years as a teenager, I am particularly qualified to write such an article, which will be either fascinating or tedious, depending on the taste of the reader.
What's So Super about This Market?
The first thing we should discuss is that the very notion of a "supermarket" is an innovation, reflecting the private sector's response to changing conditions. A century ago it made sense — especially in a densely populated city — for housewives to… (Read the full article)
Source: Mises.org
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