Cocoa prices

This article in the WSJ reports that increases in demand have driven up the price of cocoa. It discusses the reasons that supply curve is inelastic in the short run. It is a good introduction to supply and demand.

Is LeBron James underpaid?

The catchy title to this story from Planet Money says, "yes".

Free markets?

This article reports on the passage of a Farm Bill. It documents several ways in which agriculture deviates from a completely free market. It is a good introduction to a discussion of how every economy is a mixture of market activity and governmental control and influence.