Old ideas die hard, but some ideas die harder than others. Like Hans hanging out the top floor window of Nakatomi Plaza, ideas like Locational Marginal Pricing, or the belief in the need for ‘baseload ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Eric's career includes extensive work in ...

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...