Posts Tagged ‘luxury goods’

  • everyday economics and sisplaying conspicuous consumption, China's growing middle class wants more Prada while the very affluent want more elite brands.

    Where Prada is Called Ordinary

    Apr 7, 15 • 457 Views • No Comments

    Purchasing less expensive luxury goods like Prada and Louis Vuitton, China's growing middle class displays Thorstein Veblen's conspicuous consumption......  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Elasticity: Eating More Meat

    Aug 15, 13 • 1010 Views • No Comments

    Earning more probably means eating more meat. Chinese meat consumption surpassed the US in 1990. Their 7-fold increase since 1980 corresponds to a huge GDP pop–maybe by a 50 multiple. One Australian economist hypothesizes that when an economy doubles,......  [read more]

  • corsage

    Gender Issues: Pricey Prom

    May 6, 13 • 449 Views • No Comments

    By Lilli DeBode, guest blogger and senior at Kent Place School Spring is in the air! The snow has melted, the birds are chirping, and the flowers are blooming. And every family with a high schooler knows what that means… PROM! Oh, prom and all its glory;......  [read more]

  • EyelidCosmeticSurgery

    The GDP: A Prettier Sister

    Feb 25, 13 • 365 Views • No Comments

    GDP, move over. Thanks to our nation’s obsession with physical beauty, there’s a new way to check the vitality of our economy. How? By looking at the number of cosmetic surgeries done annually. It makes sense that this would be a pretty accurate......  [read more]