New Catallaxy

The Fifties were a decade of unapparelled optimism, especially in the USA, which cast off wartime production necessities and redirected that mighty industrial capacity (barely two thirds of which had been utilised during the war) into production of consumer goodies for a large and hungry domestic market. This optimism was also reflected in a particular aesthetic,…

There is a well-known duopoly model in economics which explores what happens when two ice cream sellers occupy a beach. The two ice cream sellers will tend to congregate at the centre of the beach. If either of them were to move they would give their competitor an advantage in being closer to a larger…

by Seething