One Reason To Drink Coffee in China

How can you show your friends (in China) that you have ascended to your country’s middle class? Starbucks. First, some background… A 2010 BusinessWeek article on the world’s most caf…

iPhone 5 Economics

Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed…

Food Bites

Sometimes food is about a lot more than eating. When a !Kung Bushman hunter returns from the forest, he is greeted with, “What, you made us come all this way for this bag of bones?” One Bu…

Green Signals

When “green” is valued, hybrid car sales will be high. But here is the interesting part. When green is valued, looking “green” sometimes can be more important than being “…

Conspicuous Consumption

I once read that Thorstein Veblen let his dirty dishes accumulate until his cupboard was bare, then sprayed them with a hose and started all over again. Maybe a good idea, but unusual. This early 20th…

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