Chicken Productivity

Sometimes byproducts can become surprisingly useful. Scraps: Believing that their chickens could be tastier, NYC’s priciest restaurants are sending their table scraps to the farmers who raise th…

Elasticity: Eating More Meat

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 Austra…

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average…

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