Nobel Matchmakers

One of the first calls a new Nobel Prize winner might get is from Adam Smith, editor of NobelPrize.org. As you might expect, hearing his name, people initially wonder if the call is for real. Usually …

Pork Problems

Announcing the cancellation of this year’s bacon eating contest, Major League Eating (“the world body that governs all stomach-centric sports’) said,  “We cannot, in good consc…

Fresh Apple Demand

Again we connect to China with an apple but this time it’s the fruit. As incomes rise, so too has fresh fruit consumption in China. In addition to buying pork and owning dogs, consuming pecans a…

Speed Pricing

What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would hav…

Lobster Economics

The year is 2008. Icelandic banks crash. Canadian lobster processors lose their financing. The result? Demand from Canadian processors for Maine’s lobster harvest decreases. Meanwhile, on the su…

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