Posts Tagged ‘wine’

  • glass with water isolated

    6 Drinks of Economic History

    Jul 21, 12 • 208 Views • Economic History, Financial Markets, International Trade and Finance, UncategorizedNo Comments

    Combine “spirits,” beer, wine, coffee, tea and Coca-Cola and you get some interesting economic history. Spirits: In 1758, George Washington was elected to Virginia’s House of Burgesses. Some attribute his victory to entertaining his neighbors...

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    The Value of a Price Tag

    Jan 8, 11 • 104 Views • Behavioral Economics, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    Asking, “Do More Expensive Wines Taste Better?” a group of researchers decided to find out. They described the results of their study in a working paper for the American Association of Wine Economists (AAWE). The researchers introduced their paper...

  • Adam Smith and Wine

    Dec 19, 09 • 123 Views • Thinking EconomicallyNo Comments

    Known for his absentmindedness, Adam Smith seemed always to be pondering economic issues. According to The Economist, not always. In their December 17 issue, Smith is quoted in an article on the history of wine. He seemed to be alluding to...