Theory | Teaconomics

Are they all doing the same?

Innovation is a big word, one that is used all around us. All companies need to innovate to thrive or we all need to use the latest and most innovative concept/app/product… It is a kind of buzz word and is all over the place. I …

Back to the future

As you might have noticed (for example here or here) I have an interest in prices of our nice little drink: tea. I usually focus on old prices (sometimes among centuries) and I might still do that soon but another interesting thing is to focus …

On the road again

Sometimes economists like to develop their concepts in what seems to be a sandbox way before applying them to reality to check if they are worth anything. When I say in a sandbox way, I mean based on certain hypotheses that to other people can …

Understanding economics

Sometimes I tend to ask myself some strange questions (strange for most people, not for me). One of them goes around the question of price (see there and there). I am most intrigued by how prices are made. Sure every price depends on how much …

And it will be true

What would we be without good old advertising? Advertising, ie a form of paid message that intents to promote or sell something (an idea, a service, a product) to someone, is nearly as old as society. I learned while looking around in order to write …

That’s how it goes; Everybody knows

I travelled a little bit these last days and I heard on radio two things that made me think about tea. The first one was an interview of a famous cook (whose name I never had heard and I don’t remember) that spoke about bakers …

I was a few days ago in Germany in a tea shop/saloon (or lounge as they called it) and I went through their catalog to see what they had in stock and to compare their newest teas and blends with what I had seen in …

A mix of different theories

Price… a huge topic and one on which much could be written on. I already wrote a post on it but focusing on a “simple” question that @lahikmajoe had asked me: how can two companies sell the same product at different prices. This time, it …

This post was prompted by an article I read on the Web about Mac Donald changing the way the Quarter Pounders is made with small steps made in order to improve their quality. This strategy is called differentiation, trying to make ones product more attractive …

It’s in your gut

Send your grain across the seas, and in time, profits will flow back to you. But divide your investments among many places, for you do not know what risks might lie ahead. Ecclesiastes 11.1-11.2 Why start with a quote from the Bible and one that …

Teaconomics

The Economy of Tea

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