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When Hermes combined very high prices with limited availability for its Birkin bags, it not only generated conspicuous consumption but also a problem.
When the makers of toilet paper, sneakers, and clothing use less-waste design, they wind up creatively combining resources.
Through its fashion weeks, its factories, and its stores, the fashion industry is suffering from the impact of the coronavirus.
For February 2020's Friday e-links, my favorites were podcasts about Long Haul Paul, free tuition, medical procedure prices, and some animated economics.
Looking at coronavirus as a Black Swan Event, we can better grasp its predictability, its impact, and its similarly to other exceptional crises.
Hello Everyone-
I’m Elaine.
Having been in the classroom for decades, written three books (and some of a fourth one), I like to think about economics everywhere all the time. Every day, I’ve added a blog to econlife—now it has been almost 14 years and more than 4,000 posts. I am delighted that you are here and hope we can have some economic fun together.