Gas Wars and Watermelons: How Price Competition Drives Profit to Zero

by Vince Skolny via @GrowDemand

Have you ever seen a price war? I have.

When I was in college, a new Sheetz station started a gas war in the retail district…

Rejoinder: Getting to the Root of the Profit Issue

We (we being the #GTIdeology Happy Hour community, not Skolny Organization), given that we discussed in four questions and one hour 250 years of economics and contentious American economic history, did a very good job of covering the issue.

Rejoinder: The Right and Responsibility of Profit Creation

This discussion went further afield from the framing Radical Idea than most; I want to reconnect it to the #GTIdeology.

From the start, I have insisted and been plain, that despite its GTIdeology, and…

Be careful when you use the word “greed,” as in “but ”by financial markets, where greed sets the price.” It’s one of those words that appears to have a commonly held meaning, like “automobile,” but really is more like “love.” Often, you can’t just throw it out there without generating big opportunities for misunderstanding.