It’s not what you eat, but where you eat

If you had to pick between dining out in a fancy restaurant in a rich country or a rundown establishment in a poor country, where would you go?

For most people, the answer would be obvious. But Tyler Cowen, a professor at George Mason University in Washington D.C. and the author of Discover Your Inner Economist says that’s not a wise decision.

“If the quality of food is the sole mission, Cowen argues, look for contrary indicators. “Iron bars on the windows,” he writes, “and barbed wire on the fences, however bad for the residents or your own safety, are both good signs for the food.” The magic ingredient, he elaborates, is extreme income inequality, which ensures a large reservoir of cheap labor to grow and prepare the food, as well as a sufficient number of rich people who, being rich, must eat well.”

Read the full story here: Discover your inner economist

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: