While China’s Singles’ Day is the world’s biggest shopping day, food and other necessities dominate Chinese consumer spending more than in richer countries.
Weekly Roundup: From Overbooked Flights to Immigration Fallacies
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
Using The Bacon Cheeseburger to Advise the Fed
Because consumer spending perception is based on what is regularly purchased, the bacon cheeseburger (cheese, bacon, beef) can be an inflation indicator.
Weekly Roundup: From Fed Dots to Income Traps
Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.
Weekly Roundup: From Height to Hamburgers
Our everyday economics includes behavioral economics, GDP, demand & supply, inflation, tradeoffs, markets, consumer spending, environment, and regulation.
Why You Should Eat Before You Shop
A surprising cause of a change in demand, hunger might make us want to shop more. Traditionally, a change in demand results from a demand determinant.
Weekly Roundup: From Slicing Bread to Saving Honeybees
Our everyday economics includes behavioral economics, commitment devices, environment, supply, regulation, free trade, gender issues and the minimum wage.
What the Big Mac Says About the Trans-Pacific Partnership
While opponents of the TPP free trade deal cite currency manipulation, cheaper exports from countries with cheaper currencies save money for U.S. buyers.
Weekly Roundup: From Grocery Bags to Soda Bottles
Our everyday economics includes developing nations, human capital, environment, behavioral economics, consumer spending, health care,incentives & sin taxes.
The Unexpected Impact of Reusable Grocery Bags
Knowing that reusable grocery bags shifts consumer spending to more indulgent purchases, supermarkets can respond with new prices and product placement.