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…

GDP: The Brooklyn Bridge

The story of the Brooklyn Bridge is really about cheap steel. Used to iron that tended to be brittle, 19th century bridge builders had little experience with steel. And yet, the dimensions of the Broo…

GDP: Family Matters

Recently, a woman who had emigrated to the US told me that speaking English was prohibited in her NYC home. She allowed only Spanish. “Why,” I asked? Proudly she said, “The importanc…

A Progressive Tax: Beer Economics

Artisanal beer makers are asking for a tax break. Because typical craft brewers produce fewer than 15,000 barrels a year, they already have a lower tax rate than the larger firms. Currently, US beer b…

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