Tuesday 20 March 2018

Netflix Food Economics

The Rotten Food Series is great for microeconomics in action.

Rotten - Trailer



From the perfectly competitive cow market facing the relentless market forces of global demand and supply. Where government price controls try to save small US farmers or will the industry succumb to economies of scale.  To the fish market, where government market incentive systems are trying to save sea stocks from over fishing. Who will win the battle at sea? the small incumbent fish farmers, the expanding market leader or the over bearing government interventionist. Great to see economics in context! 

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