It is almost time for Thanksgiving, the holiday when many people in the USA cook and eat turkey. As I was walking up and down the aisles of the supermarket yesterday, buying food for the holiday, I was wondering what has happened to the price of turkeys over time.
Continue reading Are Turkeys Getting More Expensive Over Time?
Prom season is now upon us, the key social event of most people’s high school experience. My youngest child is preparing to attend her first senior prom and a steady supply of fancy dresses has begun to appear in our house. As my credit card bills climbed ever higher, I began to wonder, how has the price of the prom changed over time? Continue reading OMG! Proms are actually getting cheaper compared with the price of everything else
This week a huge debate has sprung up over the color of “The Dress.” The item in question is a two-toned sleeveless dress sold by an English clothing chain called Roman Originals. Over the last few days many people have had furious debates over whether the dress is gold and white OR black and blue. Even the Wall Street Journal, a staid conservative publication devoted primarily to business, devoted more than a half-page to the debate over “The Dress’s” color this weekend. For an economist, however, “The Dress” is really amazing because of its price.
Continue reading What is Really So Amazing About “The Dress” is Not The Color!