Secrets of the Economist's Trade: First, Purchase a Piggy Bank

Discussion in 'Economics' started by bigarrow, Jan 7, 2010.

  1. From the article:
    The economists make cities bid against each other to hold their convention, and don't care so much about beaches, golf courses or other frills. It's like buying a car, explains the American Economic Association's secretary-treasurer, John Siegfried, an economist at Vanderbilt University.

    "When my wife buys a car, she seems to care what color it is," he says. "I always tell her, don't care about the color." He initially wanted a gray 2007 Mercury Grand Marquis, but a black one cost about $100 less. He got black.

    The rest of the article

    The article made me wonder how and economist would be at trading.