Monday, October 15, 2007

The Economics of Beer

Sorry you missed your regularly scheduled blog update, but this past Friday I was visiting the Great American Beer Festival in Denver. With four good college friends I sampled beers from around the US.

In honor of that trip a couple of Beer and Economic links:

In Macrobeer news it appears that Coors and Miller are merging to create a company that would rival the size of Anheuser-Busch, which now controls half of the US market (link).

As more of a microeconomist and microbrew drinker, I enjoyed this story on Market Place for the use of beer as currency. In economics we teach that anything that is perceived to have value can be traded. Just like the bike repair man in the story, PBR is the equivalent to the Zimbabwe Dollar to me.

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