Discover exceptions to the law of demand, like Giffen and Veblen goods, and understand why they don't disprove core economic ...

In response to a post on the first real-world example of Giffen behaviour—where demand goes up as prices rise—a commenter identified as anaximander notes: I don't think that Giffen goods are so rare - ...

The only “C” I got in college was in intermediate macroeconomics, but I remember one economics term that I really loved — the “Giffen good.” With ordinary, rational economic behavior, we expect that ...

There are odd things hiding in the kinds of budget numbers collected by companies like IDC and Compustat. One of the oddest I saw recently was the claim (made in computerworld) that IT support costs ...

In economics, goods and services can be classified in different ways. You might be surprised to realise you already knew this, even without knowing their classification names. Most goods and services ...

As Bitcoin streaks toward $6,000, I continue to think about what will drive it higher. In the near term, it struck me that Bitcoin is behaving as a Giffen good. Giffen goods are defined as "those ...

So you’ve taken over the world. Good for you! But how are you going to make the most of your newfound kingdom? By wringing all the money you can out of the oppressed poor using Giffen goods. Welcome!

We’ll send you a myFT Daily Digest email rounding up the latest England & Wales Cricket Board Ltd news every morning. So, Swiss short-term market rates are now fully negative: But it’s not just ...