This monograph shows that price discrimination not only exists in competitive markets but sometimes is a crucial feature of them.

The Financial Times’s Ed Luce has a largely incomprehensible column on the witches’ brew of Iran, Barack Obama, Israel, and the Republicans in today’s paper. Starting off coherently, Luce notes that 2012 may be the “year of Iran,” if Tehran achieves nuclear capability,...

Tactically, Pawlenty's mistakes are too numerous to count. But strategically, Pawlenty had the right idea: Be the most electable candidate to the right of Romney.

Democrats have misread the mood on the public's appetite for more government.

Some elementary economic principles may not apply in many competitive markets.

The Brown election offers the chance for a restart on health care and an opportunity to listen more carefully to the messages of voters.

Democrats and Republicans alike can agree on the need to modernize healthcare through electronic prescriptions.

As liberals frantically try to explain away President Obama's problems, it has become clear that Obama has lost his connection with the American people and that he is aloof without inspiring confidence.