Last week I wrote about how Russia is trying to keep food price inflation down (within Russia) by implementing export tariffs on goods...

It's hard to turn into the news and not read about food price inflation. The question now is what, if anything, should be done about it....

This may be a little silly but bear with me… Imagine that you own a bakery, and you specialize in chocolate chip cookies. You make some...

Imports – goods produced in other countries but sold “here” (in this case that’s the U.S.). They come up in the news a lot – are they...

The Cheesecake Factory is huge. Not only does it have the longest menu in history, its restaurants -- which are often two stories -- are...

Where did all of the money go? If you’ve been road tripping recently… or gone to pick up a quick bite at a fast food restaurant, you’ve...

What did everyone do when the pandemic first hit and people were spending hours and hours at home? At first, the baking started (see...

I read this really interesting article in the NY Times about the Maine lobster industry. The lobster market is struggling due to a...

Just a couple of weeks ago, the chicken industry was charged with price fixing. According to the charges, executives were texting each...

COVID-19 has wreaked havoc on many industries. It has also been a boon to others, such as Amazon, Netflix, Zoom, Delivery Services,...

We’ve talked about how the increased demand for flour and yeast led to shortages in grocery stores as people stocked up on staples and...

When I was in elementary school, my mom agreed to be the “cookie mom.” What that meant was that all of the Girl Scout cookies for my...

Nothing beats biting into a strawberry and having the juices drip down your chin. But have you ever stopped to think about where these...

One of the first lessons in an economics class is “People respond to incentives.” This concept is quite intuitive. When you were a child...

I’m sure you’ve read about Brexit. You may have heard that many people think it was a bad idea. In the UK, a lot of people think it was...

By now you have probably seen a new milk substitute listed at your local coffee shop. Next to almond, soy, and coconut milk you can now...

Honey prices are on the rise. The reason why is a fun one for an economics class. Not one, but TWO things, are happening simultaneously....

Most of the time when I start these posts, I have an econ lesson in mind first. This time, it’s the recipe I desperately want to share...

You may wonder how prices in one market affect the prices in others.  For example, you often hear that OPEC is reducing their oil...