Used in ice cream, India’s guar gum is also so necessary for fracking that the rise of oil prices created a guar bean bubble.
Why Competitive Eating is About Much More Than Food
When Joey Chestnut guzzles 72 Nathan’s hot dogs in 10 minutes, his competitive eating takes us to much more than food and entertainment.
When the Power of the Market Affects Commodity Prices
The results of the bet between biologist Paul Ehrlich and economist Julian Simon showed how the power of the market affects commodity prices.
Throwback Thursday: Looking for a Tasty Tomato
#TBT: Today we look back to when small and sweet tomatoes became large, sturdy and bland. How the Tomato Lost Its Taste Our story begins close to 90 years ago. Although we are not sure where, we do know that…
Manufacturing, Men, and Marriage Markets
Hit by trade shock from China, U.S. communities that experience factory layoffs and closings will also see an impact on marriage rates.
Amazon Economics
Starting with Whole Foods, today’s Amazon economics lesson will include topics that range from Amazon’s acquisitions and innovations to their IPO.
The Mystery of the Costly Crustacean
Combine Maine’s lobster glut with China’s lobster demand and you come close to solving the mystery of why lobster prices have not sunk.
Getting Order From Wild Blueberries
Although no one tells Maine’s wild blueberry growers how much to plant, blueberry markets signal when to cut back and when to plant more.
Solving a National Parks Problem
After hiking the Appalachian Trail in record time, ultra-marathon runner Scott Jurek was cheered by friends, family and a film crew. At the top of Maine’s Mount Katahdin, they popped open a bottle of Champagne and celebrated his 46 day 8 hour 7 minute run.…
The Exciting Side of Vanilla Economics
If your ice cream cone costs more this summer, just think of supply and demand and Madagascar’s soaring vanilla bean prices.
