Month: April 2021

Pay-What-You-Want pricing is probably the best pricing model if your goal is to run your company into the ground. This model is as simple as it sounds; a company provides a good or service, you consume it, then pay whatever you feel is a reasonable price. In this model, the consumer dictates the price of the good or service they are receiving, and the producer must accept it. For me, free is a perfectly reasonable price for everything!  The motivation for the PWYW model seems legitimate; buyers will theoretically trust producers due to their confidence, and producers have the chance Continue reading Pay-What-You-Want Pricing→

Modeling tricks and approaches have removed key technical barriers to the study of geography and distance in economics. Revived research interest in where economic activity occurs and why as well as in the physical distribution of wealth and peoples has led to the rise of spatial economics. Spatial economics exists at the intersection of econometrics, geographic information science, and data analytics to identify and answer real-world concerns like the extent to which constructing inter-regional transportation infrastructures can help reduce inequality or integrating networks of suppliers, distributors, consumers, and community across spaces can increase the competitiveness of local food producers. In Continue reading Spatial Economics, Explained→

“Beauty is vanishing from our world because we live as though it did not matter.”  – Sir Roger Scruton Over the last 50 years, there has seemingly existed an almost complete lack of symbolic value within contemporary art and architecture within the United States.  With that said, we know that there is a value to symbolic works of art and architecture (for we once produced them en masse in the past), but we can’t seem to figure out what that value is today. Because of that, today, we no longer seem to be able (or willing) to produce these symbolic Continue reading Symbolic Value→