August 22, 2014

IN PRAISE OF EFFICIENT PRICE GOUGING: Uber’s most important innovation is the way it prices its services. But that innovation has not been unreservedly welcomed by customers. They’re wrong.

Yes, but most people’s economic intuitions are — quite literally — paleolithic. Whole political ideologies have flourished by taking advantage of that.

One Trackback to “IN PRAISE OF EFFICIENT PRICE GOUGING: Uber’s most important innovation is the way it prices its s…”