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Reason Foundation

ItÝs settled

Ted Balaker
November 30, 2005, 4:04pm

No need for all those "Is Wal-Mart Good for America?" talking head show discussions: And yet the biggest box isn't hurting for customers. Perhaps this shows the difference between stated and revealed preference? Then again, in the democratic process of the market, no one needs to win majority support. If you're a store owner, 99.9 percent of the public might ignore you or even hate you, but you can succeed by catering to the small sliver of America that likes what you do. Article here; via Caf╚ Hayek.

Ted Balaker is Producer


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