Estimating Santa's salary is a specific task that takes us to the broader issue of whether the GDP should include unpaid work.
When we receive presents that disappoint us, gift giving creates deadweight loss that diminishes the economic boost from holiday spending.
Looking at our Thanksgiving meal through a turkey top ten list, you can see how economics is about so much more than money.
Because we retain smells longer than what we see and hear, hotel scents have become a branding tool that accompanies price and service.
Although there is no such thing as a free reward, consumers rarely consider the rewards programs costs that they wind up paying.
Including celery and pineapples, past and present culinary status symbols are examples of foods preferred by an elite group.
When Joey Chestnut guzzles 72 Nathan's hot dogs in 10 minutes, his competitive eating takes us to much more than food and entertainment.
The story of Yoplait's unsuccessful battle against a Greek Yogurt invasion is really about a war that old food brands are fighting.
Seeing the impact of French baguette deregulation, we can look back at the days when government guaranteed Paris's bread supply.
Like sparkling wine that is called Champagne and cheese that is Parmesan, Mexican tequila is legally protected, even with Desperados tequila-flavored beer.












