With its newest and priciest product launch, Apple has made iPhone conspicuous consumption the reason to buy their phone.
We can ask why our lottery ticket spending has been $70 billion annually when we have such an infinitesimal chance of winning.
Including celery and pineapples, past and present culinary status symbols are examples of foods preferred by an elite group.
Accused of price gouging after Harvey hit Texas, the businesses that raised prices might actually have been helping people.
Before, during and after a natural disaster like Harvey, we have hurricane economics affecting gasoline markets and the GDP.
When Joey Chestnut guzzles 72 Nathan's hot dogs in 10 minutes, his competitive eating takes us to much more than food and entertainment.
Whereas the Model T brought us suburbia, highways and McDonald's, the spillover from self-driving cars will also transform our lives at home and at work.
In additional to debating the impact of immigration on less educated men, we should look at how highly skilled women are affected.
When the development of cellophane let us have self-service shopping for meat and produce, it started a retailing revolution.












