Posts Tagged ‘demand and supply’

  • New Year's Resolution Top Ten Ways to Sound Like Economist

    Top Ten Ways to Sound Like an Economist

    Jan 1, 14 • 817 Views • 2 Comments

    You might find it handy sometimes to sound like an economist. Here are the top ten ways: 1. Whatever the question, always answer, “There’s no such thing as a free lunch.” 2. Defend a decision by declaring, “It was worth the opportunity...  [read more]

  • taxi fares Uber surge market system

    How High Can a Taxi Fare Go?

    Dec 28, 13 • 752 Views • No Comments

    Tough to get in rain, ice or snow, NYC cabs never seem to be around when I need them. That is what makes Uber such a great story. First used in San Francisco, the idea behind Uber was to make more rides available when city licensing codes prohibited it. Since...  [read more]

  • Negative Externality Church Bells

    Church Bell Economics

    Dec 27, 13 • 602 Views • No Comments

    Irritated that church bells had been awakening them before 7 a.m., in 1879 a group of New Yorkers complained to the city Board of Health. They said the chimes violated Section 177 of the Sanitary Code and  endangered their health. Fast forward to 2013. A...  [read more]

  • almond demand and supply

    A Nutty Demand and Supply Story

    Dec 26, 13 • 1239 Views • No Comments

    Our almond story starts on the demand side in China with a name change. Just like apricot kernals, California almonds had been called xing ren until the apricot kernel growers accused the Americans of “deceiving consumers.” Trying to minimize a...  [read more]

  • Coffee Conspicuous Consumption

    One Reason To Drink Coffee in China

    Dec 12, 13 • 1342 Views • No Comments

    How can you show your friends (in China) that you have ascended to your country’s middle class? Starbucks. First, some background… A 2010 BusinessWeek article on the world’s most caffeinated countries cited a connection between an...  [read more]