The biggest increase in clothing prices on record is all down to the slump in sterling after the Brexit vote. That’s the obvious conclusion to draw from the Office for National Statistics’s report that clothing and footwear inflation picked up to 4.6 percent in in August. But it’s not quite right. Because retailers actually have more pricing power than you ...

The term “butterfly effect” was coined to describe how a hurricane’s intensity could be influenced by the fluttering of a distant butterfly’s wings. In the wake of the recent devastation by Harvey and Irma, we may have to contend with the widespread reverse impact that hurricanes could have on global financial markets. The human tragedy of lost lives and the ...

Whole Foods is providing the world with a very interesting economics lesson. Immediately after Amazon bought the upscale grocery store chain, it cut prices substantially for many items on the shelves. As a result, sales have boomed by around 25 percent. Was the price cut a good move? Actually, the real lesson might be how little economics has to say. ...