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economy lab

A roundup of the best economic posts on the Web





Do more expensive wines taste better?

Freakonomics at The New York Times looks at a study which found that "individuals who are unaware of the price do not derive more enjoyment from more expensive wine."



The arithmetic of household debt



Frances Woolley at Worthwhile Canadian Initiative is concerned that courses in financial literacy are doing nothing to teach consumers about household debt.

"Yet I think a major part of the problem is, as I have argued before on this blog, people have a hard time grasping numbers, especially large numbers."



Young and jobless



The Economist with a chart showing the worsening ratio of youth to adult unemployment across OECD countries.



An ever-expanding problem

Also from The Economist, Britain continues to face stubbornly high inflation that has been at or above 3 per cent for the past 11 months.

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