Dog Economics

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Writer and pontificator Jonah Goldberg has a podcast called The Remnant.  He recently hosted Megan McArdle, currently a columnist for Bloomberg View.  Their discussion included a delightful 2:30 segment discussing dog economics.  Transcribing it would not do it justice. Is it Veblenesque positional goods or search cost efficiency? Forthwith, here it is:

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.