More than governments negotiating agreements, free trade is about the variety of strawberries, chickens, pickup trucks and pencils that we can buy.
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The Hopportunity Cost of the Craft Beer Name Shortage
Craft brewery competition got tougher as the number of craft breweries went up and the number of available beer names went down.
The Lobster War Between Sweden and Maine
The future of North American lobster exports to the European Union was threatened when 32 “surly” reddish green lobsters were found in Scandinavian waters.
The Unusual Ad That Sells Washing Machines
Samsung’s washing machine competition demonstrates typical oligopoly behavior through a 66 minute ad that stars red socks.
The Mystery of the Different Mac and Cheese Prices
When restaurants use dynamic pricing they can maximize revenue and diner flow by charging less on Mondays and more on Saturdays.
Using Time to Choose Your Coffee Shop
In 2015, Norway’s Odd-Steinar Tøllefsen won the World Brewers Cup competition. The rules are simple. You just need to use a non-mechanical coffee brewing method and have won qualifying regional competitions. Essentially, we are talking about pouring water (by hand)…
How Many Peanuts Are in Real Peanut Butter?
Ruth Desmond was a 1960s housewife who regularly attended and then reported on FDA hearings in her newsletter. During one meeting she said to General Foods attorneys that peanut butter with less than 95% peanuts should be called “peanut spread”…
Why There Is No Such Thing as a Free Coupon
Last week, I paid $25 for three hours at an NYC parking garage. Others though paid $50 for the same amount of time. We could say that it cost me less. But there is much more to the story. What…
Why We Buy Our iPhones
With its newest and priciest product launch, Apple has made iPhone conspicuous consumption the reason to buy their phone.
Looking at the Southwest Effect
Sometimes invisible, the Southwest Effect has influenced air fares and air traffic since the 1970s when Southwest was a small Texas carrier.