Adam Smith’s Rubbish Bin (TM)
Professors Bill Keep and Nancy Lasher defend the benefits of competitive markets while exposing business behaviors that just might make Adam Smith turnover in his grave. As a reminder, Smith was the 18th century philosopher whose theory of supply and demand gave us the market economy
Adam Smith’s Rubbish Bin (TM)
The Amazon Effect and The Unknown Cost of Convenience
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BKNL Productions LLC
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Season 1
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Episode 9
In this episode we explore not just what Amazon has done to alter consumer behavior, which is considerable, but also what it might continue to do moving forward. Adam Smith worried about the ability of sellers to control or influence the market.