Applying Economics To Bacon

On this blog I have discussed a lot of economic theories and ideas. I wrote about many flaws in the market, problems of competition, the need for the government etc. But all of that is hypothetical so I decided to use some practical examples. Over the next couple of posts I will apply economic theory to different parts of the economy. It’s not going to be a rigorous examination, more just things I notice during the day. I’m a firm believer in the relevance of economics and that it must be based on the real world. The best way to test a theory is to see how it matches the real world. Continue reading “Applying Economics To Bacon”

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