I recently read an interesting article in The Economist, where they describe “The Big Mac index.” This is an index they invented as a lighthearted guide to compare currencies in different countries. In their article they create a multi-panel displa…
Tag: economics
US Post Beats Menu Cost
One of the interesting observations in my first few months in US: there is no price printed in the new mail stamps! It is interesting because as a former student of economics, I think US Post system did a nice attempt to beat the so called “menu cost” which should honor to Harvard economist Mankiw. […]