As Bitcoin streaks toward $6,000, I continue to think about what will drive it higher. In the near term, it struck me that Bitcoin is behaving as a Giffen good. Giffen goods are defined as "those ...

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So you’ve taken over the world. Good for you! But how are you going to make the most of your newfound kingdom? By wringing all the money you can out of the oppressed poor using Giffen goods. Welcome!

The only “C” I got in college was in intermediate macroeconomics, but I remember one economics term that I really loved — the “Giffen good.” With ordinary, rational economic behavior, we expect that ...

With some $13 trillion of bonds worldwide yielding less than zero percent, it would be easy to characterize fixed-income assets as nothing more than a giant bubble waiting to burst. Those who agree ...

Two economists have hunted down a real-world example of one of economics' rarest theoretical creatures - a Giffen good. A Giffen good defies normal market behavior -- when the price of the good rises, ...

Consumer goods which rise in price when demand increases and fall in price when demand drops. This goes against the normal laws of demand. Giffen goods are a rare but extreme type of inferior goods ...

In economics, goods and services can be classified in different ways. You might be surprised to realise you already knew this, even without knowing their classification names. Most goods and services ...