The Mystery of the Artless Heist

When the ownership rights of a $3.1 million John Constable painting are unclear, no one can buy or sell, display, or conserve it.

How to Price a Covid-19 Drug

When pricing Remdesivir, the list of considerations includes total development costs, the cost for each dose, and the benefits that patients receive.

The Sizzling Price of a Francis Bacon Triptych

Looking at yesterday’s first online auction for very expensive contemporary art, we can ask why the price of a painting exceeded $80 million.

How the Pandemic Affected Peanuts and Butterflies

Very different under normal conditions, peanut butter and butterflies become rather similar during a coronavirus lockdown.

Why Cheddar Cheese Is Like WTI Crude Oil

A benchmark like WTI, light mild Cheddar cheese prices are determined by commodities markets that responded to pandemic changes in supply and demand.

Why a Fish is Like a Pig

Invisible to most of us, the fish farms that produce almost half of our seafood are figuring out how to cope with less restaurant demand.

How French Fries Are Like French Cheese

Global lockdowns have created supply problems for Belgian French fries and French cheese because households cannot make up for decreased commercial demand.

Where the Pork Supply Chain Is Broken

When we lose close to 40 percent of our pork processing capacity, the pork supply chain breaks in a direction that you might not expect.

How Our Buying Behavior Has Changed

Walmart’s CEO said our buying behavior has shifted during the pandemic. First we cared about toilet paper and sanitizer. Now it’s puzzles, games, hair dye, and beard trimmers. Where are we going? To consumer spending. Shifting Consumer Spending A Timeline…

How the 2020 Pandemic Is Like the 1930s Depression

Because of state mandated lockdowns, dairy farmers are responding to less demand from restaurants, schools, and hotels by dumping milk.