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In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the overall CPI as a linear function of ti...
The Natural Price of Natural Ice in America, 1880-1910
Natural Price of Natural Ice America
2010/10/11
Adam Smith‟s concept of “natural price,” the price of a good's raw materials and labor without producer profit, illustrates the way that many American consumers saw natural ice during the indust...