• Markets in Everything

      GMU economists Alex Tabarrok and Tyler Cowen have a clever series of blog posts over at Marginal Revolution, tallying all the bizarre and improbable products that the free market creates. The underlying message is, no matter how small and unlikely a market niche, if there is a need for a product, chances are the market will provide it.

      This week, they feature an interesting display of products sold in New York City that look like cheap art. Plastic models of various spills, frozen in time:
      NYC1

      What on earth would be the market for these products? What possible purpose could they serve?

      Here's one answer:

      Seatsavers
      The sign reads: "Seat Savers: Just put one on your seat & it will be waiting for you when you return."

      TAGS
      Economics