Johns Hopkins University
At first glance, wine may seem a unique focal point for conventional economic attention. What can a drink--an alcoholic drink at that--add to the greater study of economics? Research indicates that wine economics not only encompasses questions that cut to the core of what economics is about, but also, in fact, might be one of the more diverse, challenging and certainly intriguing of all economic applications. This range of inquiry includes studies looking at factors affecting the price of wine, wine as an investment good, wine in international trade and finance, the agricultural basis of wine, environmental impacts on the wine market, wine’s historical influence on the development of economic thought and human capital aspects of wine consumption, among others. This presentation will provide an overview of the emerging discipline of wine economics and establish a framework for further theoretical and empirical work in the field.
NOTE: Reservations will be accepted through Monday, 10-2-12.
Metro: Union Station
Parking: In the NAR building, subject to availability, after 4:00pm is $10.00. AS well, arkking lots on E and F Streets.