Throwback Thursday: Sending Tanks (and Thanks) to a Canal

As our first Throwback Thursday, we look at the present and the past with the 2,000 barrel beer tanks that traveled on the Erie Canal.

Using Beer as an Incentive

Reading about how a group in Amsterdam solved a public disturbance problem, I immediately thought about choice architecture. In Nudge, a Harvard Law Professor, Cass Sunstein, and a University of Chicago economist, Richard Thaler, suggest that choice architecture shapes how…

Emerging Markets: Beer and Dishwashers

In emerging markets, just when people start to drink less beer, they buy more dishwashers. According to the American Association of Wine Economists (yes, really), as individual incomes rise to $22,000, so too does beer consumption. Then though, when wine…

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 and carrying Coach purses, an…

6 Drinks of Economic History

Combine “spirits,” beer, wine, coffee, tea and Coca-Cola and you get some interesting economic history. Spirits: In 1758, George Washington was elected to Virginia’s House of Burgesses. Some attribute his victory to entertaining his neighbors with 160 gallons of rum,…