Economic Ideas

June 13, 2014

What Golf in China Shows About Economic Development

On a ladder of spending in developing economies, growing affluence first means wheat and meat. Then, climbing somewhat higher, people can afford consumer durables like a washing machine and […]

June 12, 2014

The Impact of World Cup Soccer On Stock Markets

“Amongst all unimportant subjects, football is by far the most  important.” Pope John Paul II (1920-2005) European Central Bank researchers have hypothesized that World Cup Soccer […]

June 11, 2014

Prius Purchases and Conspicuous Conservation

Our Wednesday Environment Focus Reporting that Prius was the top selling car in California, Bloomberg said the reason was tough emissions standards. I wonder… In a 2011 paper, […]