Everywhere you look, there's a hip new vodka here, a rich and hoppy craft beer there, and big, bold tastes on every shelf. The classic American pale light beer, however, is best known for being smooth, which is another way to say tasteless. So … who out there still drinks light beer?
The international wine market was a favorite subject for classical economists in the 18th and 19th centuries to help explain the benefits of free trade. Adam Smith advocated free trade in his opus, An Inquiry into the Nature and Causes of the Wealth of Nations. He wrote against the backdrop of mercantilism, which urged countries [...]
The Wine Economist reports that Australia’s overproduction of wine has reached a crisis point: Australia has an accumulated surplus of 100 million cases of wine that will double in the next two years if current trends continue, according to the report. The annual surplus is huge – equal to all UK export sales and there [...]
